It took them a while but Twitter seems to have finally figured out how to make money. The social media company reported its second straight profitable quarter — which also happens to be the second profitable quarter in company history — as it shared its earnings report for the first three months of 2018 (Q1 2018). Twitter reported total revenue of $665 million up 21% YoY from the same quarter last year. More crucially though the company registered a net profit of $61 million. While both those number are lower than the previous quarter where Twitter raked in a profit of $91 million and total revenue stood at $732 million, the company did beat market estimates. Twitter also saw a growth in the number of monthly active users (MAUs) as it added 6 million new users in Q1 2018 to bring the total up to 336 million. That means that monthly active users are up 3% YoY. Users numbers had remained flat the previous quarter (0% growth) as Twitter had expanded its efforts to reduce spam, malicious activity and fake accounts. The company also reported that its daily active user base grew 10% YoY, its sixth straight quarter of double-digit growth. But the caveat here is that Twitter doesn’t reveal how many users are active daily, so it’s difficult to put the growth numbers into perspective. Profitability was one of the company’s main goals in 2017. To achieve this it laid off 9% of its workforce in late 2016, and…
