** charts after earnings **
Twitter reports Q3 (Sep) results, revs in-line; guides Q4 revs in-line
- Reports Q3 (Sep) loss of $0.54 per share, may not be comparable to the S&P Capital IQ Consensus of $0.18; revenues rose 37.1% year/year to $1.28 bln vs the $1.28 bln S&P Capital IQ Consensus.
- Average monetizable daily active usage (mDAU) was 211 million for Q3, compared to 187 million in the same period of the previous year and 206 million in the previous quarter.
- Average US mDAU was 37 million for Q3, compared to 36 million in the same period of the previous year and 37 million in the previous quarter.
- Average international mDAU was 174 million for Q3, compared to 152 million in the same period of the previous year and 169 million in the previous quarter.
- Co issues in-line guidance for Q4, sees Q4 revs of $1.5-$1.6 bln vs. $1.58 bln S&P Capital IQ Consensus.
- "...we do not expect to recoup the total revenue loss associated with the sale of MoPub in 2022, which is estimated to be between $200 and $250 million. Despite some expected 2022 revenue loss, there are no changes to our goal of generating $7.5 billion or more of annual revenue in 2023 with an increased focus and additional resources working on increasing our market share within the ~$150 billion and growing addressable market for ads on our website and apps."
- GAAP operating income is expected to be between $130 million and $180 million.
- Capital expenditures are expected to be between $85 million and $135 million.
- Stock-based compensation expense is expected to be approximately $175 million.
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