Twitter recorded its first-ever net profit in the fourth quarter of 2017, according to Reuters.
Here are three things to know.
1. Twitter saw revenues rise 2 percent year over year to $731.6 million in the fourth quarter of 2017.
2. Twitter said the revenue boost was partially attributable to redesigned ad formats, growth in video ad sales and higher click-thru rates on ads.
3. The company ended the fourth quarter of 2017 with a net profit of $91.1 million. That's compared to the $167.1 million net loss Twitter posted in the fourth quarter of 2016, according to Reuters.
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