Its share price rose on the news.
Twitter accounts for the profit as a result of it slashing expenses, eliminating jobs and cutting marketing expenses and R&D. It is also making revenues that aren’t from advertising, but things like licensing deals.
The announcement came with news of its third quarter revenues, amounting to $590 million compared to the $616 million it reported for the same quarter last year. It turned in a net loss of $21 million. In the same quarter the previous year it made a loss of $103 million.
Twitter also said that it had slightly overestimated the number of users it had, but said the error was only in the region of one percent.