Categories Earnings, Technology

Twitter (TWTR) Q3 earnings miss estimates, issues weak Q4 revenue outlook

Twitter Inc. (NYSE: TWTR) reported a 95% dip in earnings for the third quarter of 2019 due to higher costs and expenses. The results missed analysts’ expectations. Further, the company guided fourth-quarter revenue below the consensus estimates.

Net income plunged by 95% to $36.5 million or $0.05 per share. Adjusted earnings fell by 19% to $0.17 per share.

Twitter (NYSE: TWTR) Q3 profit misses estimates

Revenue grew by 9% to $824 million, mainly driven by the strength in US advertising. The performance was impacted by revenue product issues, which reduced year-over-year growth by three or more points, along with greater-than-expected seasonality.

Total advertising revenue jumped by 8% to $702 million, driven by double-digit increases in both domestic and international ad revenue. Data licensing and other revenue rose 12% to $121 million.

Looking ahead into the fourth quarter of 2019, Twitter expects a total revenue of $940 million to $1.01 billion. The operating income is predicted to be in the $130 million to $170 million range.

For the full year of 2019, the company now expects capital expenditures to be at or near the low end of its previous forecast range of $550 million to $600 million. The stock-based compensation expense is now projected to be at or near the midpoint of its previous outlook range of $350 million to $400 million.

Read: Twitter steers downward on weak revenue growth rate

Twitter drove strong growth in monetizable DAU (mDAU), up 17% year-over-year to 145 million, driven by ongoing product improvements, organic growth and, to a lesser extent, marketing.

Total ad engagements increased by 23% year-over-year, resulting primarily from increased ad impressions driven by audience growth and improved clickthrough rates across most ad formats. However, cost per engagement was down 12%, reflecting a mix shift from Mobile Application Promotion to video ad formats and like-for-like price decreases across most ad formats.

The company improved its ability to proactively identify and remove abusive content, with more than 50% of the Tweets removed for abusive content in Q3 taken down without a bystander or first-person report.

We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results

Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a

AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates

Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion

Comments

  1. Pingback: Arie Baisch
  2. Pingback: regional
  3. Pingback: Dr. Ebada Sarhan
  4. Pingback: Dental research
  5. Pingback: grandpashabet
  6. Pingback: meritking giriş
  7. Pingback: madridbet giriş
  8. Pingback: Political Science
  9. Pingback: meritking
  10. Pingback: meritking
  11. Pingback: meritking
  12. Pingback: Dental Courses
  13. Pingback: meritking
  14. Pingback: grandpashabet
  15. Pingback: fuck google
  16. Pingback: butterfly sport
  17. Pingback: fuck google
  18. Pingback: Fiverr Earn
  19. Pingback: Fiverr Earn
  20. Pingback: Fiverr Earn
  21. Pingback: fiverrearn.com
  22. Pingback: fiverrearn.com
  23. Pingback: fiverrearn.com
  24. Pingback: fiverrearn.com
  25. Pingback: livpure buy
  26. Pingback: shipping broker
  27. Pingback: fiverrearn.com
  28. Pingback: fiverrearn.com
  29. Pingback: fiverrearn.com
  30. Pingback: fiverrearn.com
  31. Pingback: dog breed
  32. Pingback: frenchie colors
  33. Pingback: multisbo rtp
  34. Pingback: porn
  35. Pingback: future university
  36. Pingback: lean manufacturing
  37. Pingback: Warranty
  38. Pingback: Classic Books 500
  39. Pingback: FiverrEarn
  40. Pingback: Coach
  41. Pingback: FiverrEarn
  42. Pingback: FiverrEarn
  43. Pingback: Sefton Onlyfans
  44. Pingback: partners
  45. Pingback: menorescue reviews
  46. Pingback: puravive website
  47. Pingback: Medication safety
  48. Pingback: duo trim
  49. Pingback: french bulldog
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: live sex cams
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: FiverrEarn
  57. Pingback: FiverrEarn
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: dictionary
  61. Pingback: Kuliah Termurah
  62. Pingback: FiverrEarn
  63. Pingback: FiverrEarn
  64. Pingback: FiverrEarn
  65. Pingback: sikiş
  66. Pingback: nagano tonic scam
  67. Pingback: cheap sex cams
  68. Pingback: grandpashabet
  69. Pingback: live sex cams
  70. Pingback: live sex cams
  71. Pingback: rare breed-trigger
  72. Pingback: grandpashabet
  73. Pingback: grandpashabet
  74. Pingback: abogado fiscalista
  75. Pingback: 늑대닷컴
  76. Pingback: nang delivery
  77. Pingback: superslot
  78. Pingback: allgame
  79. Pingback: 918kiss
  80. Pingback: หวย24
  81. Pingback: Best Korean makeup
  82. Pingback: pg slot
  83. Pingback: child porn
  84. Pingback: catskills hotel
  85. Pingback: cratosroyalbet
  86. Pingback: 44-40 ammo
  87. Pingback: itme.xyz
  88. Pingback: itme.xyz
  89. Pingback: ItMe.Xyz
  90. Pingback: FB URL Shortener
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top