Twitter reported revenues of $1.29 billion, up 28% year over year and above expected $1.19 billion, according to the company’s press release. CEO Jack Dorsey warned the social media giant is much larger than any one topic or account, days after banning former U.S president Donald Trump.
- Earnings per share in Q4 was 38 cents, up from the expected 31 cents
- Monetizable daily active users was 192 million, failing to meet the expected 193.5 million
- Twitter expects its revenues to grow faster than expenses in 2021, assuming the pandemic continues to improve.
- Twitter’s revenue projections also consider an expected “modest impact” from Apple’s upcoming privacy changes to iOS 14.
- The social media giant expects a headcount growth of more than 20% this year, with overall expenses rising more than 25%.
- The increase in Twitter’s “average absolute mDAU” through the end of January was above the average of the last four years.
- Twitter expects Monetizable daily active users growth of about 20% year over year in the first quarter.
- The user base rose 26.3% from a year ago.
- The ad revenue rose 31% year over year to $1.15 billion, with total ad engagement gaining 35% over the same period.
- Revenue from Twitter’s Mobile Application Promotion offering rose 50% year over year in Q4.
- Twitter announced the launch of its rebuilt MAP product to increase the addressable market and serve a diverse customer base.
Twitter stock is currently gaining. TWTR: NYSE is up 8.77%