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Twitter Inc (NYSE:TWTR) Posts 4Q and Fiscal Year 2017 Results

Twitter Inc (NYSE:TWTR) Posts 4Q and Fiscal Year 2017 Results

It attributed the small rise to increased advertising revenue, stemming from the myriad updates it made to its product over the past year, as well as video ad sales.

Twitter's user growth numbers are mixed, making it unclear how successful efforts have been to enhance the user experience with a change to its algorithm that prioritizes the most relevant posts and by expanding the allowable length for tweets to 280 characters. Adjusted EBITDA rose to US$862mln from US$751mln. U.S. advertising revenues shrunk 8%, though global was up 17% year-on-year. Analysts expected Twitter to post earnings of 14 cents per share meanwhile, Twitter posted 19 cents per share. While the total number of users was flat, engagement was up year-on-year for both daily and monthly active users, 12% and 4% year-on-year increases respectively.

Hitting its first ever profitable quarter is clearly notable news not just for Twitter but for Wall Street too, with the company's shares soaring more than 20 percent in pre-market trading.

Monthly active users: 330 million vs. 332.5 million estimated by FactSet and StreetAccount. The only reason overall user growth has continued is because it remains slow but steady internationally.

Twitter attributed the growth in revenue and profit to improvements to its "core ad offerings" and increased use of online video. Net cash provided by operating activities in the year amounted to Dollars 831 million, an increase from 763 million year-on-year. For the three months ended December 31, it rose 4 percent to 330 million, continuing a trend of low, single-digit growth for the service. (TWTR) on Thursday reported a net profit for the first time and returned to revenue growth.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. For the full-year the company plans to see capital expenditures between $375 million and $450 million.

It made the money despite user numbers staying static which creator Jack Dorsey explained was due to a crackdown on fake and automated accounts
It made the money despite user numbers staying static which creator Jack Dorsey explained was due to a crackdown on fake and automated accounts

But analysts were split on what lies ahead for the company. In comparison, daily active users (DAUs) grew by 12 per cent in the quarter. "This is all about really looking at the potential of revenue growth as they scale and leverage their cost structure", he said.

"Q4 was a strong finish to the year", Dorsey said in a press release.

The social media stalwart is also dealing with the fallout of a New York Times investigation which found that a company called Devumi had sold millions of fake followers to celebrities, athletes and politicians.

Twitter, Inc. (TWTR)'s distance from 200 day simple moving average is 30.59 percent, its distance from 50 day simple moving average is 7.6 percent, while its distance from 20 day simple moving average is 3.16 percent. Twitter, Inc. (NYSE:TWTR) has risen 29.68% since February 8, 2017 and is uptrending.

"We're not going to have to do any backfilling", Dorsey said. (NYSE:TWTR). Illinois-based Envestnet Asset Mngmt has invested 0.01% in Twitter, Inc.

That came even as social media companies are grappling with a regulatory backlash in Europe and the United States over privacy, possible user addiction, hate speech and alleged abuse of by Russian Federation to sway foreign elections.

NK's ceremonial leader to lead high-level delegation to S. Korea
Besides athletes, North Korea has also agreed to send hundreds of musicians and entertainers to the games, which end February 25. Later Saturday, North Korean short-track speed skater Jong Kwang Bom practiced at the arena's main ice rink.

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