Twitter (TWTR) Tops Q1 EPS by 10c

April 26, 2017 7:02 AM EDT

Twitter (NYSE: TWTR) reported Q1 EPS of $0.11, $0.10 better than the analyst estimate of $0.01. Revenue for the quarter came in at $548.3 million versus the consensus estimate of $511.91 million.

  • Twitter’s audience continued to grow with accelerating momentum in Q1. Daily active usage (DAU )* increased 14% year-over-year, marking the fourth consecutive quarter of accelerating growth. Monthly active usage (MAU) also increased 9 million quarter-over-quarter, reaching 328 million.•
  • We’ve made meaningful progress toward identifying and removing accounts that demonstrate abusive behavior and, as a result, we’re seeing less abuse reported across the service.
  • We shipped a series of updates to further simplify our service. We gave people more characters for their replies by removing @names from the Tweet text, we’re building a unified API platform, and we’ve launched new Direct Message APIs, creating a more cohesive product experience for consumers and developers.
  • We made progress toward streamlining and simplifying our revenue product portfolio in Q1, reallocating resources to our highest revenue-generating priorities as well as new revenue product features and new channels of demand.

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

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Guidance, Hot Earnings

Related Entities

Twitter, Earnings