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Twitter Earnings, Revenue Beat in Q4

Stock MarketsFeb 09, 2021 04:18PM ET
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© Reuters.

By Yasin Ebrahim

Investing.com - Twitter reported fourth-quarter results Tuesday that topped Wall Street estimates even as daily active users fell just short of expectations. 

Twitter (NYSE:TWTR) was up 1.4% in after-hours trade.

Twitter reported Q4 EPS of  38 cents on revenue of $1.29 billion compared with estimates for 29 cents on revenue of $1.18 billion.  

Monetizable daily active users increased 27% to 192 million in the fourth quarter sequentially, just short of consensus estimates of 193.5 million. 

"Advertisers are benefitting from new ad formats, stronger attribution, and improved targeting, resulting in a 31% year-over-year increase in total ad revenue and greater than 50% year-over-year growth in MAP revenue in Q4." the company said. "Our product changes to date are promoting healthier conversations for those who use our service, including advertisers and partners, and we are excited about our plans to continue innovating in 2021."

Looking ahead to Q1, the company forecast revenue to be between $940 million and $1.04 billion. That compared with analysts estimates for $964.6 million. 

"Given the hiring and investment decisions made in 2020 and previous years, along with anticipated 2021 headcount growth, we expect total costs and expenses to grow 25% or more in 2021, ramping in absolute dollars over the course of the year," Twitter said.

Twitter Earnings, Revenue Beat in Q4
 

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Comments (5)
Trader Man
Trader Man Feb 09, 2021 7:44PM ET
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Indian govt handles are slowly migrating to Indian made twitter app called koo. Could be a signal to ban in India.
Ross Dre
Ross Dre Feb 09, 2021 6:55PM ET
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What a surprise, wallstreet estimates were beat! <extreme sarcasm>
Mad Money
Mad Money Feb 09, 2021 6:37PM ET
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All the Trumpets are mad lmao. Snowflakes
Steven Walters
Wolverex Feb 09, 2021 6:37PM ET
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Mad get your labels straight angry boy. Snowflake = leftists seeking to permanently cancel speech by conservatives, since leftists are not able to win by argument. Twit did precisely this. Supporters of DJT do not seek to cancel anyone, but they certainly have a right to not be patrons to a company who CANCELS THEM. Got it pea brain!
Steven Walters
Wolverex Feb 09, 2021 5:43PM ET
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50% of the population will delete their Twit account forever soon. Only waiting on the final Senate sham trial to finish. Twit shot themselves in the foot with the DJT ban. Twit will be irrelevant and bankrupt in short order.
Muza Favorites
Muza Favorites Feb 09, 2021 5:43PM ET
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I really doubt that bec twitter here is to stay bec everybody has complaints with whatever going on so twitter is the best put rants out. You can say samething about facebook though
Steve Lora
Steve Lora Feb 09, 2021 5:43PM ET
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Twitter has become an echo chamber. Should go the way of AOL & Yahoo chat in a year or two
Kenneth nelson
grasshopper Feb 09, 2021 5:20PM ET
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I was hoping for a bankruptcy
 
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