Twitter UK saw its pre-tax profit for 2017 drop 4% year-on-year to £2.55m ($3.35m), according to its latest financial disclosure. Post-tax profit for last year was £150,000, down 92% on 2016. This was despite reporting a 23% year-in-year increase in ad revenue to $601m for the second quarter, following similar gains for the first quarter. Turnover dropped 2.5% year-on-year to £77.42m. The company said it had a “strong and growing business in the UK” but warned that Brexit uncertainty could affect demand from customers who are already planning their holiday plans. Twitter's global revenue dropped to $2.44bn over the period, the first fall in the social media network's 10-year history.
Twitter UK saw its pre-tax profit for 2017 drop 4% year-on-year to £2.55m ($3.35m), according to its latest financial disclosure. Post-tax profit for last year was £150,000, down 92% on 2016. Turnover dropped 2.5% year-on-year to £77.42m. The company said it had a “strong and growing business in the UK” but warned that Brexit uncertainty could affect demand from customers who are already planning their holiday plans. Twitter's global revenue dropped to $2.44bn over the period, the first fall in the social media network's 10-year history.