Twitter (NYSE:TWTR) reported earnings for its fourth quarter of 2019 Thursday that missed analyst estimates for earnings per share but beat revenue and active user expectations.
The social media giant reported Earnings per share of 25 cents per share, as opposed to 29 cents expected by experts.
Revenue came in at $1.01 billion vs. $996.7 million expected. Monetizable Daily Active Users (mDAUs) numbered 152 million, compared with the 147.5 million total expected.
Twitter said it experienced the fastest quarterly growth of mDAUs and the metric reached its highest level in Q4. This is only the third time Twitter has reported mDAUs alone, rather the industry standard monthly active users (MAUs) it previously reported.
Twitter says mDAUs are not comparable to similar metrics from other companies, which it says are more expansive. Its new figure measures
"Twitter users who log in and access Twitter on any given day through Twitter.com or our Twitter applications that are able to show ads," according to the company.
Twitter provided Q1 revenue guidance on the lighter end of expectations, between $825 million and $885 million compared with the Thomson Reuters consensus estimate of $873 million.
Twitter has remained focus on initiatives that make the platform safe and accessible for users. On Tuesday, it released a new policy to tackle deepfakes and other forms of synthetic or manipulated media. Twitter said in its announcement that it prioritizes limiting potential serious harm that could stem from user-posted content.
TWTR shares hiked $4.32, or 12.9%, to $37.71
Tech Insider
