Twitter Tops USD 1 Billion in Quarterly Revenue for the Second Time
For the second time in its history, Twitter has closed a quarter with revenues of more than one billion dollars. The short message service increased its fourth quarter revenue by 28 per cent to 1.29 billion dollars, beating the consensus estimate of 1.18 billion. Net income reached $222 million, or 29 cents per share, hitting the Factset analyst estimate exactly. On an adjusted basis, Twitter earned 38 cents per share. Twitter was able to increase the number of daily active users, which is important for increasing advertising revenue, by 27 per cent year-on-year to 192 million, but just missed the consensus expectation of 193.5 million. The share price closed a good 3 per cent up with a 3-month performance of over 27%.