Jack Dorsey, CEO of Twitter and Square, speaks at a press conference at CES 2019 on January 9, 2019 in Las Vegas, Nevada.
David Becker | Getty Images News | Getty Images
Twitter’s shares reported Tuesday after the shares traded up after the fourth quarter as Wall Street’s earnings and revenue expectations beat. But the company did not live up to expectations of Wall Street’s user growth.
Here are the key numbers:
- Earnings per share: 38 cents, adjusted to 31 cents predicted by Refinitiv
- Income: $ 1.29 billion versus $ 1.19 billion predicted by Refinitiv
- Daily Active Users (mDAUs) that can be earned: 192 million vs. According to StreetAccount, 193.5 million are expected
Looking ahead, Twitter said it expects revenue to grow faster than spending in 2021, assuming the pandemic continues to improve and given an expected “modest impact” of Apple’s upcoming privacy changes on iOS 14. The company however, warned that it expects growth in the number of people to exceed 20% this year, with overall spending rising by more than 25%.
Twitter showed that it expects revenue between $ 940 million and $ 1.04 billion in the first quarter. According to Refinitiv, analysts expected an average of $ 965 million.
Twitter’s total MDUs grew by 5 million from the third quarter to 192 million, but were upset by analysts’ expectations of 193.5 million. The user base increased by 26.3% compared to a year ago.
According to the report, Twitter’s advertising revenue grew 31% year-over-year to $ 1.15 billion, while total advertising engagement grew by 35% over the same period.
Twitter noted that revenue from its Mobile Application Promotion (MAP) offering, part of its direct-response advertising business, rose 50% in the fourth quarter. The company on Monday announced the launch of its rebuilt MAP product and said in its earnings report that it “should increase our accountable market and diversify our customer base.”
This is news. Check back for updates.