Twitter, Inc. (TWTR) Tops Q1 EPS by 3c; Guides Q2, FY14 Revs

Twitter, Inc. (NYSE: TWTR) reported Q1 EPS of $0.00, $0.03 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $250 million versus the consensus estimate of $241.47 million.

First Quarter 2014 Operational Highlights

• Average Monthly Active Users (MAUs) were 255 million as of March 31, 2014, an increase of 25% year-over-year.
• Mobile MAUs reached 198 million in the first quarter of 2014, an increase of 31% year-over-year, representing 78% of total MAUs.
• Timeline views reached 157 billion for the first quarter of 2014, an increase of 15% year-over-year.
• Advertising revenue per thousand timeline views reached $1.44 in the first quarter of 2014, an increase of 96% year-over-year.

First Quarter 2014 Product Highlights

• Twitter continued to improve its experience for new and existing users by enhancing push notifications, reducing the number of steps in the sign-up process for Android users, and allowing users to link their mobile address book with their Twitter accounts to find people they know on Twitter more quickly.
• Twitter expanded its global media partnerships with Kantar, GfK and Nielsen to bring Twitter TV measurement to even more regions of the world including Europe, Australia, and parts of Africa and Southeast Asia.
• Twitter launched improved tools for advertisers, allowing them to create tailored audiences from email lists and CRM databases, target TV conversations for Spanish-language television, and connect with users through Promoted Accounts in search.

Twitter, Inc. sees Q2 2014 revenue of $270-280 million, versus the consensus of $272.9 million.

Twitter, Inc. sees FY2014 revenue of $1.50-1.25 billion, versus the consensus of $1.24 billion.

For earnings history and earnings-related data on Twitter, Inc. (TWTR) click here.

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