TWTR Shrugs Off Apple Privacy Impact, Meets Exectations For Revenues, MAUs

TWTR Shrugs Off Apple Privacy Impact, Meets Exectations For Revenues, MAUs Despite some initial volatility, TWTR shares are basically unchanged after-hours following resultrs tha tbroiadly met expectations: * Revenue: $1.284 billion vs. $1.285 billion as expected. * Monetizable daily active users (mDAUs): up 5 million to 211 million vs. 211.9 million as expected Because of the legal settlement (a one-time litigation-related net charge of $766 million related to an $809.5 million settlement the company announced in September for allegedly misleading investors about user growth), Twitter reported a net loss of $537 million, compared to a profit of $29 million a year ago. Twitter’s ad revenue rose more than 41% to $1.14 billion, with total ad engagements increasing 6% from a year earlier. TWTR dropped, then popped, then dropped back to unchanged, before a modest rally lifted it 1%... The company said it’s expecting revenue, including the MoPub business, of $1.5 billion to $1.6 billion in the fourth quarter. Analysts were projecting sales of $1.58 billion on average, according to Refinitiv. Additionally, the company says they expect similar user growth in the fourth quarter. Finally, After Snap's chaos, Twitter described the impact of Apple's new privacy/tracking changes as “modest,” adding that the impact was “lower than expected.” Tyler Durden Tue, 10/26/2021 - 16:25
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