=Twitter (TWTR) reported Q1 earnings on Tue 26 Apr 2016 (a/h)

Twitter beats by $0.05, misses on revs; guides Q2 revs below consensus; Reaffirms FY16 EBITDA Margin guidance :

• Reports Q1 (Mar) earnings of $0.15 per share, $0.05 better than the Capital IQ Consensus of $0.10; revenues rose 36.5% year/year to $595 mln vs the $607.55 mln Capital IQ Consensus.
  • MAUs comes in at 310 mln, street expectations were for 308 mln
  • Advertising revenue totaled $531 million, an increase of 37% year-over-year. Excluding the impact of year-over-year changes in foreign exchange rates, advertising revenue would have increased 39%.
    • Mobile advertising revenue was 88% of total advertising revenue.
  • Data licensing and other revenue totaled $64 million, an increase of 34% year-over-year.
  • U.S. revenue totaled $390 million, an increase of 35% year-over-year.
  • International revenue totaled $204 million, an increase of 39% year-over-year. Excluding the impact of year-over-year changes in foreign exchange rates, international revenue would have increased 46%.
• Co issues downside guidance for Q2, sees Q2 revs of $590-610 mln vs. $677.39 mln Capital IQ Consensus Estimate; Adjusted EBITDA is expected to be in the range of $145-155 mln.
• Co reaffirms FY16 Capital expenditures guidance to be $300 to $425 million; Adjusted EBITDA margin in the range of 25-27%.