Twitter Inc. posted its second-ever $1 billion quarter on Tuesday, initially sending its shares up 1% in after-hours trading to near a 52-week high.
Twitter TWTR,
“We delivered record revenue of $1.29 billion in Q4, up 28% year over year, reflecting better-than-expected performance across all major products and geographies,” Ned Segal, Twitter’s chief financial officer, said in a statement announcing the results.
Monetizable daily active users (MDAUs), a key indicator of Twitter’s reach and its appeal to advertisers, improved 27%, year-over-year, to 192 million. Yet it fell short of the 193.5 million expected by analysts polled by FactSet, creating angst among investors.
The growth of MDAUs is significant in the wake of former President Donald Trump’s ouster last month from the microblogging platform, where he commanded one of its largest followings (nearly 89 million).
Twitter did offer some caution, however, about the “modest” impact of Apple Inc.’s AAPL,
“Finally, assuming the global pandemic continues to improve and
that we see modest impact from the rollout of changes associated
with iOS 14, we expect total revenue to grow faster than expenses
in 2021,” Twitter said in a letter to shareholders, in which the company predicted sales of between $940 million and $1.04 billion in the current first quarter. “How much faster will depend on our execution on our direct response roadmap and macroeconomic factors.”
Read more: Opinion: Apple’s privacy changes are affecting more than just Facebook
Twitter shares have climbed 68% over the past 12 months. The S&P 500 index SPX,
