The numbers do validate an increasing view among the analysts that the company has stabilized after a few rocky years, when it struggled in order to compete for ad dollars with the likes of Google's YouTube and Facebook Inc.
First quarter revenues rose 21 percent from a year ago to $665 million, and the key metric of monthly active users increased by six million from late last year to 336 million.
"Our systems continue to identify and challenge millions of suspicious accounts globally per week as a result of our sustained investments in improving information quality on Twitter". "They're iterating the product more in the last two years than they have in the past seven".
Shares hiked 61 cents, or 2%, to $31.08 early Wednesday.
Shares are about 17% lower than their premarket highs.
Doresey said: "The first quarter was a strong start to the year". It attributed the rise to a modest increase in users, more advertising options, and better execution of its sales strategy. Stifel Nicolaus set a $26.00 target price on Twitter and gave the company a "hold" rating in a research note on Thursday, February 8th. In the virtuous position of now being one of the most trusted social platforms, active user figures put Twitter at an advantage in driving further adspend growth in Q2. Abroad, monthly active users are up to 267 million versus 262 million. What's more, J.P. Morgan Securities said TWTR is a favorite small-cap stock, and waxed optimistic on impressive daily user growth.
The sprint of 2018 also celebrates Twitter's fifth anniversary of operating in Canada as a market.
An important development for the company was that more than half of its ad revenue came through video products, its fastest-growing format - reflecting a wider industry trend, according to the IAB - with mid-roll ads such as FirstView, Video Website Cards, and Video App Cards formats powering this growth. It increased, as 48 investors sold Twitter, Inc. shares while 116 reduced holdings. Analysts forecast $0.01 EPS. Analysts' estimates typically exclude special items.
Twitter managed to achieve back-to-back profitable quarters, posting a $61m profit in Q1 2018, after turning over its first-ever profit in the last quarter of 2017.
"We are not a social network". Twitter is working on a "transparency centre" to show how much political campaigns spend on advertising, and the company endorsed the Honest Ads Act, a U.S. senate bill that would subject online political ads to the same sort of disclosure rules that govern similar content on TV and radio.
Aaron Goldman, CMO, 4C Insights, said: "Twitter's Q1 earnings remain strong following a solid Q4 performance in which the business turned a profit for the very first time".