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Twitter up 8% after beat; users up strong, profitability possible in Q4

Published 10/26/2017, 07:29 AM
© Reuters.  Twitter up 8% after beat; users up strong, profitability possible in Q4
TWTR
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  • Q3 non-GAAP income of $78M or $0.10 per share vs. $61M and $0.09 a year ago. Estimates were for $0.07.
  • Adjusted EBITDA of $207M, or 35% of revenue vs. $181M and 29% a year ago.
  • Average monthly average users of 330M up 4% Y/Y. Average daily average users up 14%. The company says it previously overstated MAUs - by 2M in Q2, 2M in Q1, and 1M in 2016 Q4.
  • Q4 outlook: Adjusted EBITDA of $220M-$240M, with margin of 35%-36%. Company expects GAAP profitability if it hits the high end of the adjusted EBITDA range.
  • Conference call at 8 ET
  • Previously: Twitter beats by $0.03, beats on revenue (Oct. 26)
  • TWTR +8% premarket
  • Now read: Thematic Lens Reveals Opportunities Poised To Become Supercharged

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