Yahoo Finance Twitter down after posting quarterly earnings
Yahoo Finance’s Jared Blikre joined Yahoo Finance to break down the key metrics of Twitter’s quarterly earnings. The social media company posted an adjusted EPS of 16 cents, beating street estimates for of 14 cents per share.
Video Transcript
SEANA SMITH: Well, earning results keep coming in. Now we have Twitter out, although it looks like shares under pressure after hours. Jared, what can you tell us?
ADAM SHAPIRO: Jared, are you muted?
JARED BLIKRE: Sorry about that, guys. We have revenue for the first quarter of Twitter coming in at $1.04 billion. That's up 28% year over year. But the estimate was for just lower at $1.03 billion. And I think all the numbers in this report are looking pretty good. They just slightly beat expectations. But it's been something of an expectations creep that has been leaking into the market overall. Adjusted EPS, $0.16. Estimate was for $0.02 lower at $0.14. Adjusted EBITDA coming in at $294.1 million. That's up 39% and is a pretty big beat over the estimate of $276.1 million.
The outlook for the current quarter, second quarter not so great there. And if I can just get to these numbers, it looks like the low point-- this is from the earnings report-- the low point in monthly daily active user growth rate likely to be in the second quarter, so troughing right now. And that growth rate may be low double digits for the rest of the year. So maybe not the best outlook. That could be what investors are focusing on.
Just a couple of other numbers here. I want to get to the key metrics for the current quarter. Average monetizable daily active users, 199 million. Average international monetizabe daily active users, 162 million. Just taking a look at the one-year chart that we have up there, you can see it's been-- Twitter has been consolidating in this [INAUDIBLE] formation, looking for a catalyst. And we probably found it right now, probably going to break to the downside in early trading after the bell tomorrow, guys.
