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Twitter made the third quarter results: net loss of 21 million US dollars before the plate rose

via:博客园     time:2017/10/26 22:31:34     readed:426

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Mini-blog Twitter on Thursday released the company's third quarter earnings in 2017. Results reported that third quarter total revenue of $ 590 million, down 4% over the same period last year; a net loss of $ 21 million, compared with the same period last year net loss of $ 103 million has narrowed.

Not in accordance with US GAAP, Twitter third quarter net profit of 78 million US dollars, compared with 61 million US dollars last year, an increase of 28%, diluted earnings per share of 0.10 US dollars. Twitter third quarter results better than market expectations. Thomson Reuters survey, market analysts had expected the average, not in accordance with the US GAAP, Twitter third quarter revenue of 586.73 billion US dollars, diluted earnings per share of 0.07 US dollars.

Third Quarter Main Achievements:

--Titter third quarter revenue of $ 590 million, compared with $ 616 million in the same period last year fell 4%, more than the company had expected $ 545 million to $ 560 million.

- Titter third quarter net loss of 21 million US dollars, compared with the same period last year net loss of 103 million US dollars has been narrowed. Not in accordance with US GAAP, Twitter third quarter net profit of 78 million US dollars, compared with 61 million US dollars last year increased by 28%;

--Tout the third quarter diluted loss per share of 0.03 US dollars, compared with the same period last year diluted loss of $ 0.15 per share narrowed. Not in accordance with US GAAP, Twitter third quarter earnings per share of $ 0.10 last year earnings per share of $ 0.09;

- not in accordance with US GAAP, Twitter adjusted for the third quarter EBITDA (ie, net profit excluding interest, taxes, depreciation and amortization) was $ 207 million, up 14.3% from $ 181 million in the same period last year, More than the company had expected 110 million US dollars to 115 million US dollars; adjusted EBITDA profit margin of 35%;

- As of September 30, 2017, Twitter's monthly average number of active users was 330 million, up 4 percent from the same period last year, up from 326 million in the previous quarter.

Third Quarter Financial Analysis:

Revenue:

TTwitter third quarter revenue of $ 590 million, compared with $ 616 million in the same period last year fell 4%, more than the company had expected $ 545 million to $ 560 million. among them:

- Titter third quarter advertising revenue of $ 503 million, down 8% over the same period last year;

--Titter third quarter data license revenue and other revenue of 87 million US dollars, up 22% over the same period last year;

- Titter third quarter US revenue of 332 million US dollars, down 11% over the same period last year;

--Titter third quarter international revenue of 258 million US dollars, up 6% over the same period last year;

- Titter in the third quarter total advertising participation increased by 99%;

- Titter in the third quarter of each participating costs fell 54% year on year.

Net loss:

Twitter's third quarter net loss of $ 21 million, compared with the same period last year net loss of $ 103 million has narrowed. Not in accordance with US GAAP, Twitter third quarter net profit of 78 million US dollars, compared with 61 million US dollars last year, an increase of 28%.

Twitter posted a diluted loss of $ 0.03 per share for the third quarter, down from $ 0.15 per diluted share for the same period last year. Not in accordance with US GAAP, Twitter third quarter earnings per share of 0.10 US dollars, earnings per share for the same period last year was 0.09 US dollars.

Adjusted EBITDA:

Not in accordance with US GAAP, Twitter adjusted for the third quarter EBITDA (ie, net interest not included in interest, taxes, depreciation and amortization) was $ 207 million, up 14.3% from $ 181 million in the same period last year, Previously estimated $ 110 million to $ 115 million; adjusted EBITDA profit margin of 35%;

cost:

Twitter third quarter spending fell $ 112 million, down 16% to $ 582 million. Twitter's third-quarter year-on-year decline was mainly due to R & D spending, sales and marketing expenses, which fell 23% year-on-year due to equity rewards and employee-related expenses. Twitter's third-quarter traffic acquisition cost of 23 million US dollars, down 30%. Not in accordance with the US GAAP, Twitter third quarter spending fell nearly 50 million US dollars, down 10% to 469 million US dollars.

Twitter third quarter equity incentive spending of $ 101 million, the company had expected $ 100 million to $ 110 million range. Twitter third quarter equity rewards fell 36% year on year, is the fifth consecutive quarter of the reduction. As of the end of the third quarter, Twitter staff a total of more than 3,300 people.

Cash, cash equivalents and securities:

As of September 30, 2017, Twitter held cash, cash equivalents and securities total of about 4.3 billion US dollars. Net cash flow from operating activities in the third quarter was $ 240 million, up from $ 189 million in the same period last year; adjusted free cash flow was $ 176 million, up from $ 80 million in the same period last year.

Participate with the audience

Twitter in the third quarter, average daily users increased by 14% year on year, higher than the second quarter of this year, an increase of 12%, which is Twitter daily active users for the fourth consecutive quarter to maintain double-digit percentage growth. In Twitter's top 10 market, most of the day-to-day active users increased by more than double-digit percentages, including the US market.

Twitter in the third quarter of the monthly active users of 330 million, compared with the previous quarter increased by 4 million people, up 4% over the same period last year. Twitter's monthly active users increased by 1 million from the previous quarter to 69 million; the number of active monthly users increased by 3 million, reaching 261 million.

Performance expectations:

Twitter expects EBITDA to be $ 220 million to $ 240 million in the fourth quarter of fiscal year 2017; adjusted EBITDA of 35% to 36%; capital expenditures will not exceed $ 110 million; equity rewards will be $ 90 million $ 100 million.

Stock price performance:

Twitter shares on Wednesday in the NYSE regular trading fell 0.11 US dollars, down 0.64 percent, to close at 17.14 US dollars. In the pre-trade deal on Thursday, Twitter shares rose $ 1.49, or 8.69%, to close at $ 18.63 at the time of the press. Over the past 52 weeks, Twitter's lowest price of $ 14.12, the highest price of $ 20.88. According to Wednesday's closing price, Twitter market value of about 12.588 billion US dollars.

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