TechBookyBusiness
No Result
View All Result
Wednesday, May 25, 2022
  • Login
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us
Subscribe
TechBooky Business
No Result
View All Result
Home Earnings

Twitter Reports Earnings, Revenue And User Growth That Fell Below Expectations Of Analysts

Ibhadojemu Lucky Emmanuel by Ibhadojemu Lucky Emmanuel
February 15, 2022
in Earnings
Share on FacebookShare on Twitter

Microblogging platform Twitter reported fourth-quarter earnings for 2021 and they fell below expectations of analysts on earnings, revenue and user growth.

The company reported earnings per share of 33 cents, a little below the 35 cents that analysts had envisioned, according to Refinitiv. Revenue reported for the quarter was $1.57 billion compared to the $1.58 billion estimated by analysts, according to Refinitiv. Twitter also reported monetizable daily active users (mDAUs) of 217 million and fell short of the 218.6 million that was the expectation of analysts, according to StreetAccount.

The company also made guidance for its next quarter available. It said it expects revenue to range between $1.17 billion to $1.27 in the quarter. The estimation of analysts for Twitter’s next quarter revenue lies at $1.26 billion, according to Refinitiv.

In the quarter, Twitter announced a share buyback program of $4 billion. According to what the company said, half of that will be an accelerated share repurchase with the remaining being repurchased over time.

Although the company fell short of the expectations of analysts in its user growth numbers, the company’s CFO Ned Segal reiterated the company stance of reaching 315 million mDAUs in the fourth quarter of 2023 and revenue of at least $7.5 billion in 2023.

The CFO revealed that the challenges that pushed revenue in the fourth quarter were as a result of a decline in the spending on advertising in the last few weeks of the quarter, adding that this has picked up since moving into the new quarter.

According to what Twitter’s newly-instated CEO Parag Agrawal said on an earnings call with analysts, the company strongly believes that it can still meet up to its 2023 goals irrespective of the challenges that it’s had along the way. He attributed this confidence to a significant increase in account sign-ups and reactivation of old accounts. The company said it’s seen 25% year-over-year growth in new account sign-ups or reactivation and a 35% year-over-year increase in daily sign-ups.

On the same call, CFO Ned Segal informed analysts that the surge it experienced in new signups and reactivation is driven partly by strategies such as encouraging users to sign in to their accounts when they visit Twitter from other platforms. According to him, the new users “look a lot like the people who have come to Twitter in the past, there’s just more of them”.

Twitter’s earnings report follows rivals like Facebook, which reported disappointing earnings and saw its market cap fall, and Snap which had impressive results for the quarter irrespective of the challenges that Apple’s privacy policy brought.

Twitter mentioned that it wasn’t affected so much by the privacy changes in the quarter. It said in its shareholder letter that the impact of Apple’s privacy changes “remained modest” in the fourth quarter adding that “Although retooling our revenue products in light of Apple’s privacy-related iOS changes took additional time, energy, and resources in 2020 and 2021, we believe that our product improvements have helped reduce the impact on Twitter”.

Total
1
Shares
Share 1
Tweet 0
Pin it 0
Share 0

Related Posts:

  • Snap Beats Analysts’ Estimates On Earnings, Revenue And User Growth, Reports First Profitable Quarter As A Public Company
    Snap Beats Analysts’ Estimates On Earnings, Revenue And User…
  • Lyft’s Fourth Quarter Results Beat Revenue Estimate But Falls Short On Active Riders Expectation
    Lyft’s Fourth Quarter Results Beat Revenue Estimate But…
  • Lyft Reports First Quarter Earnings Results, Issues Weak Guidance For The Second Quarter
    Lyft Reports First Quarter Earnings Results, Issues Weak…
  • Airbnb Reports Better-than-expected Earnings And Revenue For Its Fourth Quarter
    Airbnb Reports Better-than-expected Earnings And Revenue For…
  • Twitter Reports First Quarter Earnings, Revenue Falls Slightly Short Of Estimate
    Twitter Reports First Quarter Earnings, Revenue Falls…
  • Facebook, Now Meta, Sees Its Shares Tumble More Than 20 Percent On Disappointing Quarterly Earnings
    Facebook, Now Meta, Sees Its Shares Tumble More Than 20…
  • Pinterest Stock Rose More Than 25 Percent In Extended Trading After Reporting Earnings For The Fourth Quarter
    Pinterest Stock Rose More Than 25 Percent In Extended…
  • Zoom Issues Better-than-expected First Quarter Earnings And Strong Guidance
    Zoom Issues Better-than-expected First Quarter Earnings And…
Tags: earningsQ4revenuetwitterUser growth
Previous Post

Egyptian e-Commerce Wasla Gets $9 Million Investment From Contact Financial Holding

Next Post

Korea’s e-Commerce Aggregator New Vessel Raises Undisclosed Seed Round Led By Naver, CKD And Wooshin

Next Post
Korea’s e-Commerce Aggregator New Vessel Raises Undisclosed Seed Round Led By Naver, CKD And Wooshin

Korea's e-Commerce Aggregator New Vessel Raises Undisclosed Seed Round Led By Naver, CKD And Wooshin

No Result
View All Result

Get top tech business news in your inbox

subscription from
Loading

Crypto Price List

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
  • TadpoleTadpole(TAD)
    $7.32-1.74%
  • SEENSEEN(SEEN)
    $2.05-2.27%
  • EvedoEvedo(EVED)
    $0.082301-0.80%
  • MarginswapMarginswap(MFI)
    $0.184213-2.11%
  • SakeTokenSakeToken(SAKE)
    $0.0127135.28%
  • WTF TokenWTF Token(WTF)
    $0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)
    $0.005461-5.83%
  • RobotinaRobotina(ROX)
    $0.00266138.50%
  • CageCage(C4G3)
    $0.005010-3.67%
  • YAM v2YAM v2(YAMV2)
    $4.70-1.41%

Recent Posts

  • Russia Will Start Using Its Digital Rouble With Real Customers And Real Transactions From April 2023 In A Pilot Project
  • Esaal, An Egyptian Health And Wellness Platform Gets $1.7 Million To Scale Operations Across the MENA region
  • Could Biometric Technology Be The Answer To Digital Payments Security Concerns?
  • South Africa’s Edtech Startup FoondaMate Secures $2 Million In Seed Funding
  • US Cybersecurity Firm Semperis Gets $200 Million In Funding

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Get top tech business news in your inbox

subscription from
Loading

Popular Tags

Acquisition africa amazon apple bitcoin cbn china company crypto cryptocurrency e-commerce E-Naira earnings earnings season elon musk facebook fintech Funding gadget google government india Investment ipo kenya microsoft money netflix nigeria payment payments Q1 revenue russia service shares social media Startup Stock Stocks tech tesla twitter Ukraine whatsapp

Calendar

May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Apr    

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Recent News

  • Russia Will Start Using Its Digital Rouble With Real Customers And Real Transactions From April 2023 In A Pilot Project
  • Esaal, An Egyptian Health And Wellness Platform Gets $1.7 Million To Scale Operations Across the MENA region
  • Could Biometric Technology Be The Answer To Digital Payments Security Concerns?
  • South Africa’s Edtech Startup FoondaMate Secures $2 Million In Seed Funding
  • US Cybersecurity Firm Semperis Gets $200 Million In Funding
  • Zoom Issues Better-than-expected First Quarter Earnings And Strong Guidance

© 2021 Techbooky Business - Design by Techbookyelite.

No Result
View All Result
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us

© 2021 Techbooky Business - Design by Techbookyelite.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$29,833.000.78%
  • ethereumEthereum(ETH)$1,967.39-0.92%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$328.980.05%
  • usd-coinUSD Coin(USDC)$1.000.03%
  • rippleXRP(XRP)$0.407578-0.54%
  • Binance USDBinance USD(BUSD)$1.00-0.17%
  • cardanoCardano(ADA)$0.52-0.53%
  • SolanaSolana(SOL)$48.68-2.01%
  • dogecoinDogecoin(DOGE)$0.0843340.33%
  • polkadotPolkadot(DOT)$9.99-1.92%
  • AvalancheAvalanche(AVAX)$27.69-4.70%
  • Shiba InuShiba Inu(SHIB)$0.000012-0.63%
  • matic-networkPolygon(MATIC)$0.65-1.80%
  • TerraTerra(LUNA)$0.00018616.20%
Posting....