© Reuters Twitter (TWTR) Reports Mixed Q1 Results
Twitter (NYSE:) worse-than-expected Q1 revenue of $1.2 billion, up 16% YoY, compared to the analyst expectations of $1.23 billion.
The social media company generated advertising revenue of $1.11 billion, up 23% YoY and in line with the expected $1.12 billion. Twitter reported an adjusted EPS of 90c, up from 16c in the year-ago quarter, which may not compare to the consensus estimates of 3.0c.
The average monetizable daily active users (mDAUs) in the first quarter stood at 229 million, topping the analyst estimates of 226.4 million. Twitter reported Q1 U.S. mDAUs of 39.6 million, up 6.4% YoY. Average international mDAUs totaled 189.4 million in the period, up 18% YoY.
TWTR reported a Q1 subscription and other revenue of $94 million, compared to $134 million in the same period last year. The Q1 net income of $513 million took into account a pretax gain of $970 million.
The company withdrew all of its previously provided targets and guidance after it reached an agreement to sell itself to Elon Musk for $44 billion.
By Senad Karaahmetovic
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