• 90
  • 25
  • Favorite

Twitter stock plunges on user miss and low guidance

Tiger Newspress2021-04-30

KEY POINTS

  • The company reported revenue of $1.04 billion for the quarter, which was up 28% from $808 million a year prior.
  • Twitter guided that it is expecting revenue between $980 million and $1.08 billion in the second quarter. Analysts were expecting guidance of $1.06 billion on average, according to Refinitiv.
  • Twitter’s total number of monetizable daily users grew by 7 million from the fourth quarter to 199 million but fell shy of analysts’ expectations of 200 million.

Twitter’s stock was down more than 11% in after-hours trading on Thursday after the company released its first-quarter earnings, missing on user growth expectations and providing lower revenue guidance for the second quarter than expected.

Here’s what Twitter reported versus Wall Street’s estimates:

  • Earnings:16 cents per share, adjusted, vs. 14 cents forecast by Refinitiv
  • Revenue:$1.04 billion vs. $1.03 billion forecast by Refinitiv
  • Monetizable daily active users (mDAUs):199 million vs.200 million expected forecast by FactSet

The company reported revenue of $1.04 billion for the quarter, which was up 28% from $808 million a year prior. Twitter also reported a profit of $68 million, contrasted with a loss of $8.4 million a year ago.

Twitter guided that it is expecting revenue between $980 million and $1.08 billion in the second quarter. Analysts were expecting guidance of $1.06 billion on average, according to Refinitiv.

Twitter’s total number of monetizable daily users grew by 7 million from the fourth quarter to 199 million but fell shy of analysts’ expectations of 200 million. The user base was up 20% compared with a year ago. The quarter marked Twitter’s first period mostly without the presence of former President Donald Trump after he was removed from the service following the Jan. 6 insurrection at the U.S. Capitol.

Twitter ad revenue grew 32% year over year to $899 million, according to the report, with total ad engagement growing 11% over the same period.

The company said it is still too early to understand the impact of Apple’s privacy changes in iOS 14.5. However, Twitter pointed out that its integration of Apple’s SKAdNetwork enabled the company to increase by 30% the total number of iOS devices it can reach with its Mobile Application Promotion (MAP) offering.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment25

  • castor
    ·2021-05-01
    I think is a good time to add for the long term. Earnings from loss to gain, revenue up, wall street miss that little estimate cause shares down 15%, it just pure volatility in the short term
    Reply
    Report
  • shaunlohloh
    ·2021-04-30
    Oh nooo like pls
    Reply
    Report
  • SandDust
    ·2021-04-30
    I will say losing Trump is one of the reason for short term, Twitter will face lots challenge. In addition there is also no control on the inappropriate content in Twitter, which at some point they will face lots pressure to make it more healthier. 
    Reply
    Report
  • StockWatcher
    ·2021-04-30
    Missing Trump?
    Reply
    Report
  • TaiWoeiHaur
    ·2021-04-30
    Good news. 
    Reply
    Report
    Fold Replies
    • TaiWoeiHaur
      But stock down.
      2021-04-30
      Reply
      Report
  • JoHo
    ·2021-04-30
    Not a twitter user as finds it hard to use.
    Reply
    Report
  • Aerith
    ·2021-04-30
    Missing Trump?
    Reply
    Report
  • Ericlam
    ·2021-04-30
    Not that bad,still have good results 
    Reply
    Report
    Fold Replies
    • ccwee
      liked
      2021-04-30
      Reply
      Report
    • Ericlam
      Nice
      2021-04-30
      Reply
      Report
    • ccwee
      liked
      2021-04-30
      Reply
      Report
  • Kevk
    ·2021-04-30
    Hmm tweet king doesnt help much.. 
    Reply
    Report
    Fold Replies
    • Ericlam
      Nice
      2021-04-30
      Reply
      Report
  • 我i168
    ·2021-04-30
    Need the King of Twitter back[LOL] [Cool] [Happy] [Tongue] $Twitter(TWTR)$
    Reply
    Report
    Fold Replies
    • Ericlam
      Nice
      2021-04-30
      Reply
      Report
  • Patjaslyn
    ·2021-04-30
    Interesring
    Reply
    Report
    Fold Replies
    • crtyn
      Yes
      2021-04-30
      Reply
      Report
  • GRNSquirrel
    ·2021-04-30
    All social media stocks except FB seems to be falling
    Reply
    Report
    Fold Replies
    • 病书生
      所有的社交媒体有哪个有fb的盈利能力,然后再看看他们的股价炒到多高
      2021-04-30
      Reply
      Report
    • mantaru
      yes, nowadays it is rare to have prices soar post results announcement
      2021-04-30
      Reply
      Report
  • Like
    Reply
    Report
    Fold Replies
    • Ericlam
      Nice
      2021-04-30
      Reply
      Report
    • Patjaslyn
      Ok
      2021-04-30
      Reply
      Report
  • Lightslash
    ·2021-04-30
    Please like and comment
    Reply
    Report
    Fold Replies
    • Kenny77
      Sure
      2021-04-30
      Reply
      Report
  • AhKeong
    ·2021-04-30
    Question 
    Reply
    Report
  • andrew123
    ·2021-04-30
    Price drop cos did not meet anaylst tgt. Wat if analyst tgt is not so high . Wat than ? Will price shoot up? Like n comment
    Reply
    Report
  • BeHappy
    ·2021-04-30
    Hmm.... Still thinking 
    Reply
    Report
  • zeitou
    ·2021-04-30
    Like and comment pl
    Reply
    Report
    Fold Replies
    • KeithNiceGuy
      Sure
      2021-04-30
      Reply
      Report
    • Yazuu
      Like and comment back thz!
      2021-04-30
      Reply
      Report
  • HappyTrader
    ·2021-04-30
    [流淚] 
    Reply
    Report
    Fold Replies
    • xoxoll
      Help me like and comment
      2021-04-30
      Reply
      Report
  • JANICELSJ
    ·2021-04-30
    Please like and comment
    Reply
    Report
    Fold Replies
    • YsL
      Comment
      2021-04-30
      Reply
      Report
    • xoxoll
      Help me like and comment
      2021-04-30
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial