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Did you enjoy the end of your 2019? Jack Dorsey sure did.
Twitter reported its Q4 earnings on Thursday, and let’s just say… they were prettyyyy, pretty good.
Revenue came in just a hair over $1B ($1.01B to be exact), exceeding expectations of $994.5M, due in large part to a 12% increase in ad revenue. And while EPS fell short (17 cents vs. projections of 28 cents) investors didn’t seem to give a f*ck, as the stock rose 8% in premarket trading and 15% on the day.
EPS my a**
Investors were quick to look the other way after the social media company reported its biggest quarterly user growth ever. Monetized Daily Active Users (MDAU) came in at 152M compared to expectations of 147.5M. This quarterly gain of 21% crushes the 10% growth that @jack saw during the same period last year.
But not all growth is created equal. Expenses also rose thanks to increased headcount and investment in other "necessary evils" at the world’s favorite anonymous sh*t talking site.
Twitter made several enhancements to the platform this quarter, such as identifying elected officials and investing in machine learning robotics to decrease the content posted that would violate Twitter's terms of service. We see you, Zero Hedge.
The bottom line ...
Twitter. Facebook. Snap. One of these is not like the other.
Twitter's earnings stand out as a bright spot among the Big 3 social media platforms, with Facebook and Snap doing their best MySpace impressions. Facebook showed slowing growth in North America and SNAP missed quarterly sales expectations.
Twitter stock surges on Q4 earnings [CNBC]
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