Shares of Twitter Inc. (NYSE:$TWTR) jumped a whopping 19.5% in October after the social media giant announced encouraging progress in its turnaround.

Twitter revealed that its 3Q17 revenue fell 4.3% year over year, to $589.6, which translated to a GAAP net loss of $0.03 per share, narrowed significantly from a net loss of $0.15 per share in the same period one year ago. Adjusted EBITDA climbed 14.4% to $207 million. And adjusted for items like stock-based compensation and restructuring expenses, Twitter’s net income was $77.8 million, or $0.10 per share, up from $0.09 per share in the same period one year ago.

Further, both the top and bottom lines arrived comfortably ahead of analysts’ consensus estimates at the time, which called for adjusted earnings of $0.06 per share on revenue of $586.7 million.

Twitter also reminded its investors that it still expects to endure a total of $75 million of headwinds in the second half of the year, largely related to its decision earlier this year to deemphasize certain products to foster its most promising revenue streams.

Twitter also saw its active users climb 14% year over year, marking its fourth straight quarter of double-digit percentage growth and revealing the increasing stickiness of the platform. Monthly active users also grew 4%, to 330 million.

Further, Twitter CFO Ned Segal credits its strength to improved sales execution, as well as sustained momentum in video, direct-response ads, and Twitter’s data business.

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