Twitter Inc. on Tuesday posted its second-ever $ 1 billion quarter, raising its after-hours trading to a 52-week high.
Twitter TWTR,
According to FactSet analysts, net income was $ 222 million, or 29 cents a share, at 29 cents a share. (Adjusted earnings were 38 cents per share.) Twitter revenue capitalized 28% to $ 1.29 billion, beating the $ 1.18 billion consensus estimate.
“We achieved a record revenue of $ 1.29 billion in the fourth quarter, which is 28% higher than a year-over-year year. This reflects the better-than-expected performance in all major products and geographic countries,” he said. said Ned Segal, CFO of Twitter, in a statement announcing the results.
Monetizable Daily Active Users (MDAUs), which is a key indicator of Twitter’s reach and appeal to advertisers, improved by 27% year-on-year to 192 million. However, it was not the 193.5 million expected by FactSet analysts that created anxiety among investors.
The growth of MDAUs is significant after the ousting of former President Donald Trump last month from the microblogging platform, where he commanded one of his biggest followers (nearly 89 million).
Twitter did issue some warnings about the “modest” impact of Apple Inc. see AAPL,
updated iOS 14, which includes enhanced privacy settings for third-party apps from Twitter, Facebook Inc. FB contains,
Snap Inc. SNAP,
Pinterest Inc. PINS,
and others. All five businesses have expressed concern about what this could mean for future advertising sales.
‘Finally, if we assume that the global pandemic continues to improve and
that we see modest impact due to the changes that come with it
with iOS 14 we expect total revenue to grow faster than spending
in 2021, ”Twitter said in a letter to shareholders, predicting sales of between $ 940 million and $ 1.04 billion in the current first quarter. “The faster it will depend on our implementation on our roadmap with direct response and macroeconomic factors.”
Read more: Advice: Apple’s privacy changes affect more than just Facebook
Twitter shares have climbed 68% over the past 12 months. The S&P 500 Index SPX,
has increased by 16.5% in the past year.