Twitter reported quarterly earnings of $513 million after agreeing to be sold to billionaire Elon Musk, the Associated Press (AP) reported.
The company said revenue rose 16 percent to $1,2 billion from January to March compared to the same period last year, reports N1.
Twitter reported that it averaged 229 million daily active users in the quarter, up about 14 million from a revised 214,7 million daily users in the previous quarter.
Musk's $44 billion deal to buy Twitter was announced earlier this week, and the deal is expected to close sometime soon.
However, before the deal closes, shareholders will have to back down, as will regulators in the United States and countries where Twitter operates.
Musk, who owns electric car company Tesla, says he plans to keep Twitter private.
If it does so, the company will no longer be required to report its financial results to shareholders or the public.
On the one hand, the move to privacy could give Twitter more room to experiment while focusing less on short-term profits and stock price. On the other hand, even the richest man in the world will probably want the company to make money, according to the AP.
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