Twitter Inc. it posted its $ 1 billion second quarter on Tuesday, sending its shares nearly 4 percent in after-hours operations to a 52-week high.
Twitter TWTR,
reported a net profit of $ 222 million, or 29 cents per share, compared to expectations of 29 cents per share, according to analysts surveyed by FactSet. (Adjusted earnings were 38 cents per share.) Twitter revenue catapulted 28% to $ 1.292 billion, surpassing the consensus estimate of $ 1.188 billion.
“We earned record revenue of $ 1.291 billion in Q4, 28% more than the previous year, reflecting better-than-expected performance across all major products and geographies,” said Ned Segal, chief financial officer. of Twitter, in a statement announcing the results.
Monetizable Daily Active Users (MDAU), a key indicator of Twitter’s reach and attractiveness to advertisers, improved 27% year-over-year to 192 million. Still, it fell short of the 193.5 million expected by analysts surveyed by FactSet, which created anxiety among investors.
The growth of the MDAUs is significant following the removal of former President Donald Trump last month from the microblogging platform, where he commanded one of his largest followers (nearly 89 million).
However, Twitter offered some caution about the “modest” impact of Apple Inc.’s AAPL.
Updated iOS 14, which contains enhanced privacy settings for third-party applications from Twitter, Facebook Inc. FB,
Snap Inc. SNAP,
PINS from Pinterest Inc.,
And others. All five companies have expressed suspicion about what this could mean for future ad sales.
“Finally, assuming that the global pandemic continues to improve and
that we see a modest impact since the launch of the associated changes
with iOS 14, we expect total revenue to grow faster than spending
in 2021, ”Twitter said in a letter to shareholders, in which the company predicted sales of between $ 940 and $ 1.04 billion in the current first quarter.“ The faster it will depend on our execution of our direct response path and macroeconomic factors “.
Read more: Opinion: Apple’s privacy changes affect Facebook more than anything else
Twitter shares have risen 68% over the past twelve months. The S&P 500 SPX Index,
has increased by 16.5% over the last year.