Twitter Inc. recorded its second-quarter-ever quarter of $ 1 billion on Tuesday, pushing its after-hours stock trading up nearly 4% to its 52-week high.
Twitter TWTR,
reported net profit of $ 222 million, or 29 cents a share, against an expectation of 29 cents a share, according to analysts polled by FactSet. (Adjusted earnings were 38 cents a share.) Twitter sales increased 28% to $ 1.29 billion, surpassing the consensus estimate of $ 1.18 billion.
“We delivered record fourth quarter sales of $ 1.29 billion, up 28% year-over-year, driven by better-than-expected performance across all major products and regions,” said Ned Segal, Twitter’s chief financial officer. , in a statement announcing the results.
Daily Active Revenue Users (MDAUs), a key indicator of Twitter’s reach and its appeal to advertisers, improved 27% year-over-year to 192 million. Still, it fell short of the 193.5 million expected by analysts polled by FactSet, causing fear among investors.
The growth of MDAUs has been significant in the wake of former President Donald Trump’s impeachment last month from the microblogging platform, where he commanded one of its largest supporters (nearly 89 million).
However, Twitter offered some caution about the “ modest ” impact of Apple Inc.’s AAPL.
updated iOS 14, which includes improved privacy settings for third-party apps from Twitter, Facebook Inc. FB,
Snap Inc. SNAP,
PINS from Pinterest Inc.,
and others. All five companies have expressed doubts about what that could mean for future ad sales.
Finally, assuming the global pandemic continues to improve and
that we see a modest impact from the rollout of associated changes
with iOS 14, we expect total revenues to grow faster than expenses
in 2021, ”Twitter said in a letter to shareholders in which the company forecast sales of between $ 940 million and $ 1.04 billion in the current first quarter. “How much faster will depend on our execution on our roadmap for immediate response and macroeconomic factors.”
Read more: Opinion: Apple’s privacy changes affect more than just Facebook
Twitter shares are up 68% in the past 12 months. The S&P 500 index SPX,
has increased by 16.5% in the past year.