Twitter Q4 revenues of $ 1.01 billion, net profit of $ 119 million, daily income of $ 152 million

Netease Technology News on February 6th, Twitter released the fourth quarter of 2019 and the annual financial report tonight. The report shows that in the fourth quarter of 2019, revenue was the US $ 1.01 billion, an increase of 11% year-on-year; net profit was US $ 119 million, compared with US $ 255 million in the same period last year. Full-year revenue in 2019 was US $ 3.46 billion, a year-on-year increase of 14%; net profit was the US $ 1.47 billion, compared with US $ 1.21 billion in the previous year.

Main results for the full year 2019

Annual revenue was US $ 3.46 billion, an increase of 14% year-on-year. Calculated in constant currency, revenue increased by 15% year-on-year.

Annual expenses and expenditures totaled US $ 3.09 billion, a year-on-year increase of 19%. The operating profit for the year was US $ 366 million, with an operating margin of 11%.

For the full year, net profit was US $ 1.47 billion, the net profit margin was 42%, and diluted earnings per share were US $ 1.87. Net profit in 2018 was US $ 1.21 billion, with a net profit margin of 40%, and diluted earnings per share were US $ 1.56.

Major results for the fourth quarter of 2019

Fourth-quarter revenue totaled $ 1.01 billion, up 11% year-on-year.

Expenses and expenses for the fourth quarter totaled $ 854 million, an increase of 22% year-on-year. Operating profit was US $ 153 million and the operating margin was 15%.

Net profit for the fourth quarter was $ 119 million, with a net profit margin of 12%, and diluted earnings per share were $ 0.15. In the same period last year, net profit was US $ 255 million, the net profit margin was 28%, and diluted earnings per share were US $ 0.33.

The average daily monetizable active user (mDAU) in the fourth quarter was 152 million, compared with 126 million in the same period of the previous year and 145 million in the previous quarter.

“2019 is a great year for Twitter. Our work to improve relevance and ease of use resulted in a 21% growth in daily monetizable active users (mDAU) in the fourth quarter. New in 2019 More than half of the 26 million mDAU increase was directly contributed by product improvements, “said Jack Dorsey, Twitter CEO. “Entering 2020, the development momentum we are building will put us in a better position to meet future challenges and opportunities.”

“We reached a new milestone in the fourth quarter with quarterly revenue of more than $ 1 billion, which reflects the steady progress of our revenue products and solid performance in most important markets, especially in the US market. Strong, “said Twitter Chief Financial Officer Ned Segal. “We continue to see the huge opportunity for Twitter to be used all over the world and will provide a more personalized experience that will provide increased value to consumers and advertisers.”

Twitter estimates that total revenue for the first quarter of 2020 will be between $ 825 million and $ 885 million; operating profit will be between $ 0 and $ 30 million.

Twitter estimates that stock award spending is $ 425 million to $ 475 million; capital expenditures are $ 775 million to $ 825 million.

Due to the ad business from the US market, the revenue of $ 1.01 billion in the fourth quarter was better than analysts’ expectations of $ 994.5 million. The number of daily active users in the fourth quarter was 152 million, better than analysts’ expectations of 148.1 million. However, in the first quarter of 2020, revenue is expected to be $ 825 million to $ 885 million, which is less than Wall Street’s expected median value of $ 868.9 million.

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