Shares in Twitter jumped 26% in pre-market trading on Thursday after the social network reported its first ever profits.
In a landmark quarter, a substantial surge in revenue saw Twitter easily breeze past analysts´ forecasts.
Net income came in at $91m compared with losses of $167m in the same period of 2016, while operating earnings of $308m massively outpaced analysts´ expectations of $241m.
Revenue rose to $732m versus market estimates of $686.1m.
Monthly active users were broadly flat at 330 million, however, slightly behind analysts´ estimates.
Among the highlights, advertising revenue increased 7% year-over-year, which Twitter claimed was a reflection of better-than-expected growth across “all major products and geographies.”
“We launched new features to help people discover and talk about what's happening on Twitter, including making it easier to thread Tweets and expanding the character limit to 280 characters for more people around the world,” said the company.
For the first quarter of 2018, Twitter said it expected operating earnings in the range of $185m to $205m.