Twitter shares popped ahead of the opening bell after it beat Wall Street expectations for both revenue and earnings, although revealed it had continued to bleed users in the three months to the end of September. The social network said its user numbers had slipped by 9 million in the period, to 326 million from 335 million at the end of June. Investors had been watching the results closely for an indication of whether Twitter would manage to stem the decline in active users on its platform. In the prior quarter, Twitter revealed the number of people logging on to its service every month had fallen by around 1 million, in a surprise announcement which caused its stock to plunge more than 20pc in one day. However, following the results on Thursday, Twitter's shares surged as much as 15pc before the opening bell, as it swung to a net income of $789 and posted a 29pc rise in revenue, beating Wall Street expectations for both. Jack Dorsey, Twitter chief … [Read more...] about Twitter beats on earnings but says users continuing to slide
Twitter’s Q3 earnings by the numbers
Twitter has released its Q3 earnings report and it’s smashed financial experts’ estimates. Here’s how Twitters Q3 numbers break down: Revenue totaled $758 million–a 29% year-over-year increase Advertising revenue totaled $650 million, an increase of 29% YOY U.S. revenue totaled $423 million, an increase of 28% YOY International revenue totaled $335 million, a massive increase of 30% YOY Daily Active Users (DAU) grew 9% year-over-year Monthly Active Users (MAU) totaled 326 million; that’s a slight drop from the 330 million for the same period last year and the 335 million in the previous quarter. As you can see from the stats above, Twitter had a fantastic quarter. One of the few drawbacks was its slight decrease in monthly active users (MAU). Twitter attributed that decrease to a number of factors including, “GDPR, decisions we have made to prioritize the health of the platform and not move to paid SMS carrier relationships in certain … [Read more...] about Twitter’s Q3 earnings by the numbers
Twitter ad sales surge in third quarter, shares jump
Published October 25, 2018 Earnings Reuters Facebook Twitter Comments Print video The stocks to consider in a volatile market environment Lido Isle Advisors President Jason Rotman the opportunities for investors in a volatile market. NEW YORK, Oct 25 (Reuters) - Twitter Inc posted revenue and profit ahead of Wall Street estimates on Thursday, as higher advertising sales offset a drop in monthly users to push the company's shares up nearly 12 percent before the opening bell. Continue Reading Below Quarterly advertising revenue jumped 29 percent from a year earlier to $650 million, boosted by advertiser interest in broadcasts from media companies including Live Nation Entertainment, Major League Baseball and Major League Soccer. That drove a similar rise in overall revenue from a year earlier to $758 million, beating an average analyst estimate of $702.6 million, according to Refinitiv data. The company reported adjusted profit of 21 cents per … [Read more...] about Twitter ad sales surge in third quarter, shares jump
Twitter monthly usage drops, company warns it will fall again
NEW YORK (Reuters) - Twitter Inc on Thursday reported a larger-than-expected decline in monthly users in the third quarter, its second straight quarterly drop, and predicted the figure will fall again in the current period. People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken in Warsaw September 27, 2013. REUTERS/Kacper Pempel/Illustration/File Photo The company posted revenue and profit ahead of Wall Street estimates though as advertising sales surged 29 percent. It blamed the declines in users on efforts to clean up the site from suspicious users, including accounts used in political influence operations, as well as its response to new privacy regulations in the European Union. Monthly active users fell to 326 million in the third quarter, below the average analyst forecast of 331.5 million, according to FactSet. Twitter said it expects them to drop below 326 million in the current … [Read more...] about Twitter monthly usage drops, company warns it will fall again
Here come Twitter’s earnings…
Twitter is set to report its third-quarter earnings at 7 a.m. EDT on Thursday, before the opening bell. Here’s what analysts are expecting: Adjusted earnings: $US0.14 per share Revenue: $US702.57 million All eyes will be on Twitter’s user growth, or lack thereof. The firm reported a decline in monthly active users last quarter (down from 336 million to 335 million), and that trend will almost certainly continue in Q3. Wall Street is pessimistic about those figures, variously predicting flat growth or declines. Analysts at SunTrust Robinson Humphrey predicted that Twitter would lose 4 million monthly users sequentially to 331 million. Twitter had been at 336 million in the first three months of 2018. Twitter will likely maintain the view that declining monthly users is a sign of improving platform health. The company, plagued for years by accusations of enabling misogyny, racial hatred, and other abuse on its platform, has been making noises for the past 12 months … [Read more...] about Here come Twitter’s earnings…