Revenues for the quarter grew 21 percent to $664.87 million from $548.25 million past year and beat analysts' consensus estimate of $605.26 million. Japan continued to be our second largest revenue market, increasing 61% year-over-year and contributing $117 million, or 18% of total revenue in Q1.
The company earned 16 cents per share, compared to estimated 12 cents per share, excluding items, in this quarter.
Worldwide revenue totaled $318 million, an increase of 53% year-over-year.
The social-media network, originally known for its 140-character posts, said monthly active users rose to 336 million, up by 6 million from the prior period and slightly ahead of analysts' predictions.
Twitter's user growth had flatlined since the first quarter of 2015, a change after the company underwent rapid user growth from 2010 through 2015, according to data from Statista. Twitter has also claimed that its (otherwise secret) daily user numbers have grown by 10 percent this quarter, down a little from the holidays, but still healthy.
"The first quarter was a breath of fresh air for investors that have patiently awaited this turnaround story to manifest after years of pain and it looks like the Twitter growth train is back on track delivering two very strong consecutive quarters", wrote Daniel Ives, head of technology research at GBH Insights. Atria Invs Ltd Liability Corporation reported 0.01% in Twitter, Inc.
"Twitter has also been working hard to incorporate more diverse video ad options and the hard work is paying dividends".
In terms of the outlook for the second quarter, the company expects to see adjusted EBITDA in the range of $245 million to $265 million with a margin to be between 37% and 38%.
Shares climbed 3.5 percent before the market open on Wednesday.
Up to last night's close, Twitter shares had risen 26.9% this year.
Twitter CFO Ned Segal said Twitter has had strong interest in in-stream video ads as well as incremental revenue growth in its new ad formats Video Website Cards and Video App Cards. Internationally, monthly active users grew to 267m users from 262m.
Despite Twitter's undoubted influence and public figures like Donald Trump using it as a microphone, the service has struggled to achieve either the global scale or healthy profits of rival social networks Facebook and Instagram. It took significant steps to deal with slow user growth and rampant issues of abuse and harassment which had adverse effects on the company and its growth. Live programs, including sports and information shows, have helped Twitter in its efforts to sell more video ads, which are fueling the company's revenue gains.
Recode has the details on Twitter's solid quarter. "Our ability to detect malicious automation, spam, and fake accounts. improved significantly".