Twitter (TWTR) Misses Q2 EPS by 14c, Revenue Beats, Offers Guidance
Twitter (NYSE: TWTR) reported Q2 EPS of $0.05, $0.14 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $841 million versus the consensus estimate of $829.07 million.
Average monetizable daily active usage (mDAU) was 139 million, compared to 122 million in the same period of the previous year and compared to 134 million in the previous quarter.
- Average US mDAU was 29 million, compared to 26 million in the same period of the previous year and compared to 28 million in the previous quarter.
- Average international mDAU was 110 million, compared to 96 million in the same period of the previous year and compared to 105 million in the previous quarter.
GUIDANCE:
Twitter sees Q3 2019 revenue of $815-875 million, versus the consensus of $869.31 million.
- Operating income to be between $45 million and $80 million
For FY 2019, the company expects:
- GAAP operating expenses to increase approximately 20% on a year-over-year basis in 2019 as we continue to invest for growth and support the top priorities we outlined at the beginning of the year: 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
For earnings history and earnings-related data on Twitter (TWTR) click here.