Despite flat user numbers and a nominal beat in revenue, Twitter’s fortune-reversal over the past several months is still going as the company said it actually posted a GAAP net income — sending the stock jumping more than 15%.
Twitter’s overall user numbers were flat, but the company was still able to post a surprising profit and fell above what Wall Street expected for its fourth-quarter earnings. While the company has had to constantly face down issues with the service’s usability and problems that may keep new people from coming on, a lot of attention is now on its ability to try to figure out how to best capitalize on those users, such as by going after live video.
Here’s the slash line:
Q4 revenue: $731.6 million, compared to $686.1 million expected by Wall Street. (Up 2% year- aover-year)
Q4 earnings: 19 cents per share, compared to analyst estimates of 14 cents per share on an adjusted basis.
Monthly active users: 330 million, compared to analyst targets of 333 million. (Flat quarter-over-quarter, up from 318 million year-over-year).
Year-over-year DAU growth: 12%
Q4 Advertising revenue: $644 million
