Twitter Inc. It said Tuesday that its monthly active users and revenue increased in the third quarter and that the impact of Apple’s iOS privacy change on its advertising business was “modest.”
Revenue rose from $ 1.28 billion to $ 936 million in all markets in the previous quarter, and Twitter TWTR,
Said the average monetized daily active user grew 13% year-on-year to 211 million, up 5 million from the previous quarter. Analysts had expected 211.9 million.
Advertising revenue rose 41% to $ 1.14 billion, with the company saying it was ready for Apple AAPL,
iOS changes – which allow users to opt out of targeted ads – which include Facebook Inc. Depends on the earnings of competitors like FB.
And Snap Inc. SNAP,
“It’s still too early for Twitter to assess the long-term impact of Apple’s privacy-related iOS changes, but the Q3 revenue impact was lower than expected, and we’ve included an ongoing moderation impact in our Q4 guidelines,” the company said. In his letter to shareholders.
The microblogging company reported a loss of $ 536.8 million or 67 cents per share in the third quarter, compared to a profit of .7 28.7 million or 4 cents per share in the year-ago period, most of which accounted for a one-time $ 766. Millions of charges related to class-action disposal for allegedly misleading investors about user growth. Adjusting for stock-based compensation and other costs, the company’s loss was 54 cents per share.
Analysts surveyed by Factset forecast earnings of 17 cents per share over 1.28 billion.
Twitter stock rose more than 3% after hours, closing at $ 61.43 after falling nearly 1% in the regular session.
Twitter expects fourth-quarter revenue of between 1.5 1.5 billion and 1.6 billion, while analysts forecast revenue of $ 1.59 billion.
Twitter’s share has risen more than 13% to date and has risen nearly 20% in the last 52 weeks. In comparison, the S&P 500 Index SPX,
It has grown 21.8% so far this year, and about 35% in 12 months.