Twitter Inc (TWTR) Stock Slumps 8% In After Hours Session After Earnings

Twitter Inc (TWTR) stock slumped in after-hours after reported in-line first-quarter earnings.

Twitter Inc (TWTR) Stock Slumps 8% In After Hours Session After Earnings

The company Reports Q1 (Mar) earnings of $0.16 per share, excluding non-recurring items, $0.02 better than the S&P Capital IQ Consensus of $0.14; revenues rose 28.3% year/year to $1.04 billion vs the $1.03 billion S&P Capital IQ Consensus.

Average monetizable daily active users (mDAU) were 199 million for Q1, compared to 166 million in the same period of the previous year and compared to 192 million in the previous quarter.

The average US mDAU were 38 million for Q1, compared to 33 million in the same period of the previous year and compared to 37 million in the previous quarter.

The average international mDAU were 162 million for Q1, compared to 133 million in the same period of the previous year and compared to 155 million in the previous quarter.

Co issues in-line guidance for Q2, sees Q2 revs of 980 mln – $1.08 bln vs. $1.06 bln S&P Capital IQ Consensus.

“Q1 was a solid start to 2021, with total revenue of $1.04 billion up 28% year-over-year, reflecting accelerating year-over-year growth in MAP revenue and brand advertising that improved throughout the quarter,” said Ned Segal, Twitter’s CFO. “Advertisers continue to benefit from updated ad formats, improved measurement, and new brand safety controls, contributing to 32% year-over-year growth in ad revenue in Q1.”

TWTR stock is down 8% below $60 in the after-hours session.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.