Twitter Slides After Beating Earnings But Missing On Active Users, Guiding Below Expectations

While we await the full Twitter slidedeck presentation, here are the key results as they come in. First, the good news: Q3 was not bad...

  • TWITTER 3Q ADJ. EPS 10C EST. 5C
  • TWITTER, Q3 REVENUE OF $569 MILLION
  • TWITTER Q3 MAUS EXCLUDING SMS FAST FOLLOWERS 307 MILLION, UP 8% Y/Y AND UP 3 MILLION FROM THE PRIOR QUARTER

... And now, the bad - guidance sucked:

  • TWITTER 3Q MAU 320M, EST. 324M
  • TWITTER SEES 4Q REV. $695M-$710M, EST. $741.6M
  • TWITTER, SEES 4Q ADJ EBITDA $155M-$175M, EST. $197.97M

Some more detail on the current quarter:

 

We don't even need to see the non-GAAP bridges, shown below... 

... to know that Jack Dorsey is trying to make this a "kitchen sink" quarter, although for the time being the stock is hardly happy with the results.

 

... despite such news slides as changes in "monetization metrics."