Twitter Q1 Earnings: Company Had First Profitable Quarter, But Lost Users Again

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PNC Financial Services Group Inc. now owns 33,658 shares of the social networking company's stock valued at $602,000 after acquiring an additional 3,082 shares during the last quarter. Twitter blames this on Safari's changes to third-party app integration, noting that since those Safari users aren't served ads, they aren't counted among monthly active users.

DnB Asset Management AS grew its position in Twitter Inc (NYSE:TWTR) by 20.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.

Zynga reported fourth-quarter bookings $223.8 million, more than analysts were expecting. In pre-market trading, the company's stock jumped to over $32 a share on the profit news. Revenue rose 2% year-over-year to $731.6 million, the first increase since the fourth quarter of 2016. That's up from a $21.1 million loss in the previous quarter.

Chief Executive Jack Dorsey has focused for the past year on tweaking the product he co-founded to try to attract more people.

During the quarter revenue rose 2 per cent, after four straight quarters of decline, to $732 million. While talking about Performance of the Stock, Twitter, Inc. now has a Weekly performance of 4.26%, monthly performance percentage is 9.43 percent, Quarterly performance is 38.78 percent, 6 months performance shows a percent value of 66.63% and Yearly Performance is 47.37 percent. "We returned to revenue growth, achieved our goal of GAAP profitability, increased our shipping cadence, and reached five consecutive quarters of double digit DAU growth".

Revenue - Revenue also proved to be overwhelmingly strong. The most disappointing thing here is that the number of monthly users in the United States also saw a decrease from 69 million down to 68 million. "I'm proud of the steady progress we made in 2017, and confident in our path ahead", he said during an earnings call. Morgan Stanley reissued an "underweight" rating and set a $10.00 price objective on shares of Twitter in a research report on Monday, October 2nd. The company said its total monthly active users (MAU) base was unchanged from the prior quarter at 330 million and up 4 percent from a year ago. Domestic advertising revenue fell by 8 percent year-on-year, to $406 million, but foreign ad sales increased by 17 percent to $326 million. At the time, the move was a natural one, created to bring brands better targeting, efficiency and measurement, as well as offering up an alternative to the Google and Facebook duopoly which accounted for in excess of 60% of the U.S. digital ad market a year ago.

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