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Twitter posts second-straight profit after years of losses

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Twitter has reported only the second profit in the social network's history after an unexpected leap in advertising revenue, capping a recent turnaround after years of disappointment.

The microblogging site said sales had increased 21pc in the first three months of 2018 to $665m (£477m), its fastest revenue growth for two years.

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.

Under Jack Dorsey, the company's founder who returned as chief executive three years ago, it has cut costs and overhauled its advertising business,...

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