The company beats analysts' estimates as it reports its first-ever quarterly and full-fiscal year earnings. February 5, 2014 1:10 PM PST Twitter's first-ever quarterly earnings, which the social network announced Wednesday, beat analysts' estimates. For the fourth quarter, Twitter brought in $243 million in revenue, and adjusted earnings of 2 cents per share. And at the end of the quarter, it had 241 million monthly active users. Quarterly earnings for the company were up 116 percent from the fourth quarter a year ago. However, it posted a net loss of $511.5 million for the quarter, and its net loss for all of 2013 came in at $645.3 million. For the full 2013 fiscal year, the company posted $664.9 million in revenues, and a loss of 18 cents per share. Although Twitter has yet to make a profit, investors have been sweet on the company, with its stock rising from its IPO price of $26 in November to today's closing price of $65.25. But though its stock has been on a tear, there have been real questions about the company's ability to grow its user base, especially outside the United States, and to boost its advertising revenues. A consensus of analysts had predicted that Twitter's fourth quarter would bring in $217.8 million, and that it would lose about 2 cents per share. For fiscal 2013, analysts had estimated Twitter would lose 19 cents per share and bring in total revenues of $639.4 million. Those estimates proved to be off base, as Twitter got into the black on earnings per share, and its revenues were higher than expected. More highlights from Twitter's fourth-quarter results: 241 million monthly active users (MAUs) as of December 31. MAUs are up 30 percent year over year. 184 million monthly mobile active users, up 37 percent from the same quarter last year. All told, mobile users represented 76 percent of MAUs. 148 billlion timeline views, up 26 percent from a year earlier. Advertising revenue per thousand timeline views came in at $1.49, up 76 percent year over year. Stay tuned for highlights from Twitter's conference call with analysts, which begins at 2 p.m. PT.
The company beats analysts' estimates as it reports its first-ever quarterly and full-fiscal year earnings.
Twitter's first-ever quarterly earnings, which the social network announced Wednesday, beat analysts' estimates. For the fourth quarter, Twitter brought in $243 million in revenue, and adjusted earnings of 2 cents per share. And at the end of the quarter, it had 241 million monthly active users.
Quarterly earnings for the company were up 116 percent from the fourth quarter a year ago. However, it posted a net loss of $511.5 million for the quarter, and its net loss for all of 2013 came in at $645.3 million.
For the full 2013 fiscal year, the company posted $664.9 million in revenues, and a loss of 18 cents per share.
Although Twitter has yet to make a profit, investors have been sweet on the company, with its stock rising from its IPO price of $26 in November to today's closing price of $65.25.
But though its stock has been on a tear, there have been real questions about the company's ability to grow its user base, especially outside the United States, and to boost its advertising revenues.
A consensus of analysts had predicted that Twitter's fourth quarter would bring in $217.8 million, and that it would lose about 2 cents per share. For fiscal 2013, analysts had estimated Twitter would lose 19 cents per share and bring in total revenues of $639.4 million.
Those estimates proved to be off base, as Twitter got into the black on earnings per share, and its revenues were higher than expected.
More highlights from Twitter's fourth-quarter results:
- 241 million monthly active users (MAUs) as of December 31. MAUs are up 30 percent year over year.
- 184 million monthly mobile active users, up 37 percent from the same quarter last year. All told, mobile users represented 76 percent of MAUs.
- 148 billlion timeline views, up 26 percent from a year earlier.
- Advertising revenue per thousand timeline views came in at $1.49, up 76 percent year over year.
Stay tuned for highlights from Twitter's conference call with analysts, which begins at 2 p.m. PT.
