Key points:
- Twitter reports fourth-quarter earnings
- Earnings and revenue miss expectations
- Twitter shares rise over8%
- 10 Best Stock Traders To Follow on Twitter in 2020
Twitter (NYSE: TWTR) announced earnings per share of $0.33 before the bell on Thursday, with revenue coming in at $157 billion.
The numbers reported were against an anticipated EPS of $035 and revenue of $1.58 billion.
Advertising revenue totaled $1.41 billion, up 22% year over year.
In reaction to the report, Twitter's share price has climbed 8.64% to $41.10.
Also Read: What Is a Stock Split?
The average monetizable daily active usage (mDAU) was 217 million for Q4, compared to 192 million in the same period of the previous year and 211 million during the last quarter. In addition, the average US mDAU was 38 million for Q4, compared to 37 million in the same period of the previous year and 37 million in Q3. Meanwhile, the average international mDAU was 179 million compared to 155 million in the same period last year and 174 million last quarter.
“Twitter had a solid fourth quarter to finish 2021, with over $5 billion in annual revenue, up 37% for the year,” said Ned Segal, Twitter's CFO. “There are no changes to our goals of 315 million average mDAU in Q4 2023 and $7.5 billion or more revenue in 2023. Our increased focus on performance ads and the SMB opportunity after the sale of MoPub positions us even better for 2022 and beyond.”
The company expects total revenue to be between $1.17 billion and $1.27 billion for the first-quarter.
