Social Media Stock Under Pressure: Twitter Inc (NYSE: TWTR)

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Twitter Inc (NYSE: TWTR) stock fell over 12.2% on 30th April, 2021 pre-market session (Source: Google finance) post results for the first quarter of FY 21.

During the first quarter, there has been 32% rise in the advertising revenue to $899 million on the back of 11% year-over-year increase in the total ad engagements & 19% year-over-year in the cost per engagement (CPE). Data licensing and other revenue grew 9% year-over-year to $137 million during the period, including US revenue of $556 million, an increase of 19% year-over-year and International revenue of $480 million, an increase of 41%. The company has reported net income of $68 million for the first quarter of FY 21 compared to a net loss of $8 million, in the same period of the previous year. The company incurred the capital expenditures of $179 million, compared to $121 million in the same period last year, driven by infrastructure investments in data center build-outs to support audience growth and product innovation.

Moreover, the average monetizable daily active users (mDAU) were 199 million for the first quarter, compared to 166 million in the same period of the previous year and compared to 192 million in the previous quarter. The Average US mDAU had increased to 38 million for the quarter, compared to 33 million in the same period of the previous year and compared to 37 million in the previous quarter. Average international mDAU had increased to 162 million for Q1, compared to 133 million in the same period of the previous year and compared to 155 million in the previous quarter.

For the second quarter of 2021, the company expects total revenue to be between $980 million and $1.08 billion and GAAP operating loss is expected to be between $170 million and $120 million. For FY21, the company plans to incur capital expenditures in the range of $900 million and $950 million.

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