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09 February 2018, 05:23 | Gordon Grant
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Twitter delivered - and then some. Toronto Dominion Bank grew its holdings in Twitter by 21.3% in the second quarter. The high end of this range, management noted, would make the company profitable for the first time on a GAAP basis. Vetr raised Twitter from a "buy" rating to a "strong-buy" rating and set a $19.82 price target on the stock in a report on Monday, October 23rd.
But Twitter's monthly active users remained at 330 million in the fourth quarter, which was the same compared to the third quarter but a 4 percent uptick compared to the same period previous year. The social networking company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. While for the Next 5 years, the company could expect a growth of 38.5% per annum, whereas in the past Five years Twitter, Inc.
Total revenue for the quarter was $732m (€592.68m), a 2% increase on the same period a year ago.
"Industry trends remain generally positive, with the shift toward video likely benefiting Twitter to some extent, but the company's continued struggles surrounding executive retention may hinder the pace of progress in the near future", wrote Colin Sebastian, an analyst at Baird Equity Research, in a note before Twitter released its fourth-quarter earnings.
Advertising revenue totalled $644 million for the quarter, an increase of 1% year-over-year, while data licensing and other revenue was $87 million, up 10%.
Owned-and-operated advertising revenue, however, jumped 7% year over year.
In a letter to shareholders, Twitter chalked up the sales boost to "better-than-expected growth" in ad sales "across all major products and geographies". Video advertising grew as a precent of total revenue in the quarter, though Twitter did not say by how much. In the USA, its revenue actually fell 8 percent from 2017 but 17 percent growth elsewhere made up for it. Twitter saw incredible growth in Japan where revenue jumped 34 percent to $106 million.
Last month, the social network suspended 3,814 accounts linked to Kremlin-backed troll farms and notified 1.4 million Americans who it believed had interacted with Russian-sponsored propaganda. However, around the world Twitter has about 330 million monthly active users, an increase of 12 million compared to the last fiscal year. The number of monthly average users remained flat quarter-over-quarter, which was lower than analysts had expected and which Twitter attributed to a change to Safari's third-party app integration and the company's own efforts to reduce spam, malicious automation and fake accounts, problems that have taken on new urgency for Twitter as it has became clear how Russian-linked accounts influenced content on the platform around the 2016 USA presidential election.
The Verge reports that Twitter has finally posted a profitable quarter after operating at a loss for nearly 12 years. The main aim will be to improve core ad offerings through better performance and measurement, including ad platform improvements, self-serve measurement studies, and third-party accreditation.
Expanding to new channels of demand for its ad products. Data and enterprise solutions revenue are two other areas where the team foresee more success. "I think they've come a long way".
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