Published: Fri, February 08, 2019
Business | By Eloise Houston

Twitter says abuse reports have fallen by 16 percent

Twitter says abuse reports have fallen by 16 percent

Starting in the current quarter, Twitter said it would stop disclosing the number of monthly active users, a statistic internet companies have routinely reported over the past decade.

Twitter also expects capital expenditure of between $550 million and $600 million in 2019, well above analysts' average estimate of $415 million. Twitter also has room to grow by converting people who use the site infrequently into daily users, she said, which would allow the company to boost its revenue without having to grow its overall user base.

Some analysts said it was time for Twitter to show the results of efforts to safeguard its platform. The midpoint of that range was below analysts' average estimate of $765 million, according to IBES data from Refinitiv.

Shares of Twitter fell as much as 8% in pre-market trading Thursday following the earnings report. It has hundreds of millions of daily users and many rely on it to ...

Twitter reported a total of 321 million monthly users at the end of past year, which means that the microblogging service lost a whopping 5 million users in the last quarter. The company has historically never revealed how many active daily users Twitter has, only the amount of users who log in (at least) once a month. Twitter's monthly user base has dropped down the levels it hasn't seen since the end of 2016. Thibault continued: "Higher operating expenses, on the other hand, are a bigger problem, as I anticipate Twitter's margins and profits to shrink considerably in 2019". Figures show that it brings in $909 million in revenue in the fourth quarter, a 24% increase from a year ago.

Total advertising revenue surged 23 percent to $791 million in the quarter, with more than half of that figure coming from video ads placed by corporate clients. During the fourth quarter of 2018, Twitter announced that 126 million monetizable Daily Active Users visited the site on average each day.

Monthly active users totaled 321 million in the fourth quarter, in line with analysts' forecasts but down from 330 million a year earlier and 326 million in the third quarter. $791 million of that figure comes from advertising revenue, split $425 million in the United States compared to $366 internationally - while data licensing making up the other $117 million.

Shares traded around $32.05, down 6.2 percent Thursday morning.

Profit, excluding some costs, was 31 cents a share, compared with the average estimate of 25 cents.

Like this: