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Twitter soars 15% on Q3 ad revenue beat

Published 10/25/2018, 07:54 AM
© Reuters.  Twitter soars 15% on Q3 ad revenue beat
TWTR
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  • Twitter (NYSE:TWTR) pops 14.7% premarket on Q3 beats with revenue up 29% Y/Y.
  • Ad revenue: Advertising revenue totaled $650M (+29% Y/Y; consensus: $593.2M). Total ad engagements grew 50% Y/Y while cost per engagement decreased 14%. Data licensing and other revenue was up 25% to $108M (consensus: $107.8M).
  • Revenue by geography: $423M in revenue came from the US (+28%) and $335M from International (+30%).
  • User counts: Average DAUs +9% compared to 14% last year and 11% last quarter. Average MAUs were 326M (guide: 329M to 331M), down from 330M last year and 335M last quarter. User counts impacted by the new European data protection rules, technical issues, and some platform cleaning.
  • Earnings call is scheduled for 8 AM ET with a webcast available here.
  • Press release.
  • Previously: Twitter beats by $0.07, beats on revenue (Oct. 25)
  • Now read: An Update On Seeking Alpha's Twitter Account


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