Twitter Q4 beats on sales of $909M and EPS of $0.33, but MAUs slump to just 321M

Twitter Q4 beats on sales of $909M and EPS of $0.33, but MAUs slump to just 321M

5 years ago
Anonymous $Dftgs0JzgE

https://techcrunch.com/2019/02/07/twitter-q4-beats-on-sales-of-909m-and-eps-of-0-33-but-maus-slump-to-just-321m/

After strong results from Facebook and Snap this quarter, all eyes were on Twitter to see if the other big, publicly listed social network could deliver a hat trick of growth. If we judged the company on financials alone, the company did not disappoint. The company reported Q4 revenues of $909 million (up 24 percent on a year ago) and diluted earnings per share of $0.33 with a net income of $244 million. On average, analysts had been expecting revenues of $859.5 million on an EPS of $0.25.

However! Twitter’s achilles heel remains user growth. It has now slumped to 321 million monthly active users, falling short even of estimates that were expecting a decline. Shares are equally slumping in pre-market trading, down more than seven percent so far.