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Tweeting President can’t bail-out lackustre Twitter

Thursday, February 9, 2017 7:46
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(Before It's News)

Donald Trump may the first US president to carry out policy by tweet, but that has not helped Twitter Inc (NYSE:TWTR) much.

Shares in the social media giant tumbled pre-market after disappointing fourth quarter numbers that showed flat revenues, weak user growth and another hefty loss.

The icon has recently moved into live streaming over its network and 31mln viewers watched the 400 programmes broadcast in the first three months of operations, but other measures were less encouraging.

Revenues in the fourth quarter rose 1% to US$717mln, but total ad income dropped slightly.

Costs, meanwhile, rose by 11% to US$861mln and there was a net loss of US$167mln.

Average monthly active users (MAUs) also only crawled ahead 0.6% to 319mln over the previous quarter.

For 2016 overall, sales rose by 14% to US$2.53bn, with a net loss of US$457mln.

Into this year and Twitter gave no revenue guidance but said it expects advertising revenue growth to continue to lag audience growth.

“Advertising revenue growth may be further impacted by escalating competition for digital ad spending and the re-evaluation of our revenue product feature portfolio.”

First quarter underlying profits [EBITDA] would be between US$75-95mln and for the full year costs will be 5% lower while capital expenditure will drop by US$300-400mln was as close as it got to a steer for investors.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/172929/tweeting-president-can-t-bail-out-lackustre-twitter-172929.html

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