Twitter (NYSE:TWTR) reported an EPS of 0.15 beating analysts’ expectations of 0.10 and posted revenue of $595 million which is below estimates of $607.84 million.
Twitter posted a GAAP loss of $80 million or 12 cents per share. Adjusted EBITDA climbed 73% to $180 million with a 30% adjusted EBITDA margin. Their advertising revenue ascended 37% year over year to $531 million, although data licensing and other income increased 34% to $64 million. U.S. revenue increased 35% to $390 million, while global revenue grew 39% to hit $204 million. For the next quarter, Twitter’s guidance is between $590 million and $610 million in revenue, which is much higher compared to the consensus of $577.6 million. They expect between $145 million and $155 million in adjusted EBITDA, according to ValueWalk.
"Revenue came in at the low end of our guidance range because brand marketers did not increase spend as quickly as expected in the first quarter ... We have a strong product roadmap designed to tap into incremental brand-oriented online video budgets, and will deliver additional features for advertisers later this year — including more detailed demographic targeting and verification, and reach and frequency planning and purchasing,” wrote Twitter.