360° Coverage : Twitter posts 1Q loss, higher revenue

2 Updates

Twitter posts 1Q loss, higher revenue

Apr 29 2014, 4:30pm CDT | by

SAN FRANCISCO (AP) — Twitter booked a net loss in the first quarter because of stock compensation costs, but its results surpassed Wall Street's expectations thanks to a sharp increase...

Filed under: news

 
 
 

19 weeks ago

Twitter posts 1Q loss, higher revenue

Apr 29 2014, 4:30pm CDT | by

SAN FRANCISCO (AP) — Twitter booked a net loss in the first quarter because of stock compensation costs, but its results surpassed Wall Street's expectations thanks to a sharp increase in advertising revenue.

Investors were looking for stronger user growth from the short messaging service, however, and company's stock declined sharply in after-hours trading.

Twitter Inc. said Tuesday that it had a loss of $132.4 million, or 23 cents per share, in the January-March quarter. That compares with a loss of $27 million, or 21 cents per share, a year ago when Twitter was still privately held. Adjusted earnings were $183,000, or roughly breakeven on a per share basis.

Revenue more than doubled to $250 million from $114 million. Twitter's advertising revenue was $226 million, about 80 percent of which came from mobile advertising.

Analysts polled by FactSet had expected an adjusted loss of 3 cents per share on revenue of $241.5 million. Twitter's own forecast in February was for revenue between $230 million and $240 million.

Shares of San Francisco-based Twitter fell $4.09, or 9.6 percent, to $38.53 in after-hours trading after the results came out. The stock had closed up $1.89, or 4.6 percent, at $42.62.

Twitter went public last November. It had set a price of $26 per share for its stock, which then soared amid hungry investor demand. The high-flying stock peaked in December at $74.73, then declined steeply.

Twitter had 255 million monthly users at the end of March, up 25 percent from a year ago. That's just what Sterne Agee analyst Arvind Bhatia was expecting.

Twitter has said that it is focusing on expanding its audience and encouraging people who do use its short messaging service to use it more often, but the company has not been growing its user base as fast as its investors would like.

"Timeline views," which measure how often users refresh their own or someone else's Twitter feed, increased 15 percent in the quarter to 157 billion. Advertising revenue per thousand timeline views, another closely watched measurement, reached $1.44 in the first quarter, more than double the figure from a year ago.

Twitter gave a conservative revenue forecast for the current quarter and for all of 2014. The company expects revenue of $270 million to $280 million for the April-June period, compared with analysts' expectations of $273.3 million.

For the full year, Twitter expects revenue of $1.2 to $1.25 billion, compared with analysts' forecast of $1.24 billion.

 
Update
2

2 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new c ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

2 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH370 and ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/31" rel="author">Associated Press</a>
The Associated Press (AP) is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers.

 

blog comments powered by Disqus

Latest stories

Dhaka wants time-frame to resolve Teesta, land issues
Dhaka, Sep 14 (IANS) Bangladesh will seek "specific time-frame" from India to settle the Teesta water sharing and implement the land boundary agreement at the upcoming foreign ministers' meeting.
 
 
Botox may hinder emotional growth of youngsters: Study
London, Sep 14 (IANS) The famous non-surgical cosmetic procedure Botox has a negative side to it. The wrinkle smoothing injections may affect emotional growth of young people, said experts.
 
 
'In digital age, youngsters still avid book readers'
Washington, Sep 14 (IANS) Despite digital technology invading youngsters' life, US millennials are reading more books than the older generation, said a latest survey by Washington-based think tank Pew Research Centre.
 
 
App turns job search into social experience
Washington, Sep 14 (IANS) Two Boston University graduates have developed a new smartphone app to turn job hunting into a thrilling social experience.
 
 
 

Latest from the Network

Decoded how rib cells heal themselves
Washington, Sep 14 (IANS) We know that mammals cannot regenerate lost limbs but they can repair large sections of their ribs. A team of US researchers has now discovered the healing power of the rib cells in both...
Read more on Apple Balla
 
Jazz pianist Joe Sample dead
Washington, Sep 14 (IANS) Jazz pianist Joe Sample has died in Houston. He was 75. He died Friday morning in Houston. His family made the announcement on Facebook but didn't give the cause of death, reports variety.com...
Read more on Celebrity Balla
 
Khloé's ex-husband wants her back
Los Angeles, Sep 14 (IANS) Reality TV star Khloé Kardashian's ex-husband, basketball player Lamar Odom, is said to be desperate to reconcile with her after she split with her boyfriend of eight months, French Montana...
Read more on Celebrity Balla
 
Mystery behind brightest objects in universe solved
Washington, Sep 14 (IANS) Quasars are the brightest objects in the universe and display a mysterious diversity in their appearance that has puzzled astronomers for over two decades. Scientists believe that the mystery...
Read more on Apple Balla
 
Shuttler Prannoy clinches Indonesian Masters title
Palembang (Indonesia), Sep 14 (IANS) Indian badminton touched another high Sunday when youngster H.S. Prannoy clinched the men's singles title of the $125,000 Indonesian Masters Grand Prix Gold here Sunday. The fifth...
Read more on Sport Balla
 
Dakota Fanning hated 'precocious' tag
Dakota Fanning hated being called ''precocious'' when she was a child actress. The 20-year-old starlet has admitted that she really disliked being labelled by film critics when she growing up in the spotlight. Dakota -...
Read more on Movie Balla
 
Kylie Jenner's recurring tattoo nightmare
Kylie Jenner has a recurring nightmare about getting a ''bad tattoo''. The 17-year-old reality TV star has admitted she often has terrible dreams about getting an awful inking etched onto her skin so makes sure she...
Read more on Celebrity Balla
 
Justin Bieber wants kids with Selena
Justin Bieber wants Selena Gomez to be the mother of his children. The 20-year-old singer reportedly wants to start a family with the 22-year-old brunette whom he has been dating on and off for four years, and wouldn't...
Read more on Celebrity Balla
 
Gwen Stefani's $1k nail spend
Gwen Stefani spends $1,000 a week on her nails. The 'Voice' USA mentor is reportedly addicted to manicures and pays a professional beautician to visit her Beverly Hills mansion to ensure her nail polish is immaculate...
Read more on Celebrity Balla
 
Indian bags second spot at pageant
Quito, Sep 14 (IANS) Goa-based model Gail Nicole Da Silva was placed second in the Miss United Continent 2014. The first spot went to Dominican Republic's Geisha Montes De Oca and Venezuela's Wi May Nava stood third....
Read more on Celebrity Balla