Twitter Finally Earns Profit After 12 Years

09 February, 2018, 03:44 | Author: Darrell Baldwin
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"Owned-and-operated advertising revenue increased 7% year-over-year, driven by continued strong engagement growth, improvements in our revenue products, improved return for advertisers, and better sales execution", Ned Segal, Twitter's CFO, noted on Thursday.

The company has blamed its stagnating user numbers - which breaks down to 68m US MAUs and 262m worldwide MAUs - on a change to the Twitter Safari third-party app integration and its work to remove the number of bots that feature on its platform.

Revenue from outside the United States rose 17 percent, making up for an 8 percent decline in US sales.

Even the attention brought to the micro-blogging site by US President Donald Trump broadcasting his thoughts was not enough to stem the exodus of US users.

As such, Twitter retroactively decreased its number of monthly active users by one to two million.

"Overall, the results represented ongoing progress, which was consistent with our longer-term expectations for Twitter as a durable, if niche-y (but highly differentiated), platform for digital advertising, which should eventually be able to approach industry-level growth rates", Pivotal Research analyst Brian Wieser said in a note to investors. It ended 2017 with 300 million monthly active users, the same as the previous quarter, but posted a 12% uptick in daily active users compared to the previous year. It also provides promoted services and products, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services. User growth in the USA dipped from 68m to 69m. "We also launched a new agency resource centre for mid-sized digital agencies, which drove a significant increase in revenue from smaller ad agencies".

The San Francisco-based social media giant reported Q4 earnings per share (EPS) of $0.19, which was $0.05 better than the Wall Street consensus estimate of $0.14. Income from its data licensing and other revenues grew 18% to $333.3m. The high and low revenue estimates for the current quarter are $603.2 Million and $542 Million, respectively.

Twitter reported a net profit of $91.1 million, or 12 cents per share, compared to a loss of $167.1 million, or 23 cents per share, a year earlier. Nordea Investment Management AB now owns 19,027 shares of the social networking company's stock worth $340,000 after purchasing an additional 422 shares during the last quarter.

"Now (that) he's gone, who's running the company?" said Wedbush analyst Michael Pachter. "This is all about really looking at the potential of revenue growth as they scale and leverage their cost structure", he said. Twitter, Inc. (NYSE:TWTR) has a 20-Day average volume of 31.43 Million. Profitability was the #goal, CEO Jack Dorsey told investors in February 2017, and Twitter nailed it.

"We're not going to have to do any backfilling", Dorsey said.

Twitter, Inc. (TWTR) added 0.44% to reach $25.24 in the previous trading session.

In the first quarter of 2018 Twitter projects adjusted EBTIDA to be between $185 million and $205 million. OppenheimerFunds Inc. boosted its position in shares of Twitter by 42.3% during the first quarter.


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