Twitter (TWTR) Tops Q4 EPS by 6c, Revenue Beats, Offers Guidance

Twitter (NYSE: TWTR) reported Q4 EPS of $0.31, $0.06 better than the analyst estimate of $0.25. Revenue for the quarter came in at $908.8 million versus the consensus estimate of $869.5 million.

• Average monetizable daily active users (mDAU) were 126 million for Q4, compared to 115 million in the same period of the previous year and compared to 124 million in the previous quarter.
• Average US mDAU were 27 million for Q4, compared to 25 million in the same period of the previous year and compared to 26 million in the previous quarter.
• Average international mDAU were 99 million for Q4, compared to 89 million in the same period of the previous year and compared to 98 million in the previous quarter.
• Average monthly active users (MAU) were 321 million for Q4, compared to 330 million in the same period of the previous year and compared to 326 million in the previous quarter.
• Average US MAU were 66 million for Q4, compared to 68 million in the same period of the previous year and compared to 67 million in the previous quarter.
• Average international MAU were 255 million for Q4, compared to 262 million in the same period of the previous year and compared to 259 million in the previous quarter.

GUIDANCE:

Twitter sees Q1 2019 revenue of $715-775 million, versus the consensus of $762.43 million.

• GAAP operating income to be between $5 million and $35 million

For FY 2019, we expect:

• GAAP and cash operating expenses to be up approximately 20% year-over-year in 2019 as we support our existing priorities of health, conversation, revenue product and sales, and platform
• Stock-based compensation expense to be in the range of $350 million to $400 million
• Capital expenditures to be between $550 million and $600 million

As mDAU will be the metric we use to show the size of our audience and engagement going forward, we will discontinue disclosing MAU after Q1'19.

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

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