Twitter is up $ 1 billion in the second quarter, sending shares to 52 weeks

Twitter Inc. posted $ 1 billion in the second quarter on Tuesday, and its shares rose nearly 4 percent in trading after the schedule to a 52-week high.

Twitter TWTR,
+ 2.87%
reported net income of $ 222 million, or 29 cents a share, compared to expectations of 29 cents a share, according to analysts surveyed by FactSet. (Adjusted revenue was 38 cents per share.) Twitter revenue catapulted 28% to $ 1.29 billion, exceeding the consensus estimate of $ 1.18 billion.

“We delivered record revenue of $ 1.29 billion in the fourth quarter, up 28% year-on-year, reflecting better-than-expected performance for all major products and geographies,” said Ned Segal, chief financial officer. of Twitter, in a statement announcing the results.

Daily Active Money Generating Users (MDAU), a key indicator of Twitter’s coverage and attractiveness to advertisers, improved by 27% year-on-year to 192 million. However, it escaped the 193.5 million expected by analysts surveyed by FactSet, creating anxiety among investors.

The increase in MDAUs is significant following the expulsion of former President Donald Trump last month from the microblogging platform, where he ordered one of his biggest followers (almost 89 million).

However, Twitter has offered some caution about the “modest” impact of Apple Inc.’s AAPL,
-0.66%
Updated iOS 14, which contains enhanced privacy settings for third-party apps on Twitter, Facebook Inc. FB,
+ 1.08%,
Snap Inc. SNAP,
-1.54%,
Pinterest Inc. PINs,
-0.50%
and others. All five companies have expressed doubts about what this could mean for future ad sales.

“Finally, assuming that the global pandemic continues to improve and
that we see a modest impact in implementing the associated changes
with iOS 14, we expect total revenue to grow faster than spending
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 fast it will depend on our execution of the roadmap? direct response and macroeconomic factors. ”

Read more: Opinion: Apple’s privacy changes affect more than just Facebook

Twitter shares have risen 68% in the last 12 months. S&P 500 SPX Index,
-0.11%
increased by 16.5% in the last year.

.Source