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Twitter revenue hits $909 mn in Q4
San Francisco, Feb 8 (IANS) Twitter on Thursday announced that its revenues for the fourth quarter of 2018 has hit $909 million, growing 24 per cent year on year and beating market estimates of about $868 million.
The 2018 revenue rose 25 per cent year on year to exceed $3 billion, while its net income was $1.2 billion, compared with a net loss of $108 million in the previous year.
The social network’s net income for the fourth quarter was $255 million, compared with $91 million in the same period of a year earlier, representing a net margin of 40 per cent, reports Xinhua news agency.
It said its total US revenue in the fourth quarter was $506 million, up 24 per cent, and total revenue earned from other countries was $403 million, also an increase of 24 per cent.
It listed Japan as its second largest market, contributing $138 million or 30 per cent growth, which accounted for 15 per cent of its total revenue for the quarter.
Twitter said its active daily users (DAU) in the fourth quarter of 2018 increased 9 per cent year-over-year with double-digit growth in five of its top 10 global markets, and the fourth quarter DAU was 126 million, compared to 124 million in the previous quarter.
The monthly active users (MAU) were 321 million for the fourth quarter, a slight fall from 326 million in the previous quarter.
Twitter said its fourth quarter expenses increased 13 per cent year-over-year to hit $702 million, resulting in operating income of $207 million.
“Through our consistent strategy and solid execution, Q4 was a strong finish to the year,” Twitter Chief Financial Office Ned Segal was quoted as saying by Xinhua.
For the first quarter of 2019, Twitter expects its total revenue to stand between $715 million and $775 million, with operating income to between $5 million and $35 million.
The cash operating expenses are expected to increase about 20 per cent year-over-year in 2019 to support its existing priorities of health, conversation, revenue product and sales, and platform, Twitter said.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.