EARNINGS: Twitter misses earnings expectations across the board. -Earnings per share: 33 cents, adjusted vs. 35 cents expected -Revenue: $1.57 billion vs $1.58 billion expected
for the fourth quarter of 2021 Thursday that missed analyst estimates on earnings, revenue and user growth.33 cents, adjusted vs 35 cents expected, according to a Refinitiv survey of analystsMonetizable Daily Active Users :The company provided revenue guidance for the next quarter ranging from $1.17 billion to $1.27 billion, while analysts had expected about $1.26 billion, according to Refinitv.
Twitter also announced a new $4 billion share buyback program. Half of that will be an accelerated share repurchase with the remaining being repurchased over time, the company said. Despite the miss in user growth numbers, CFO Ned Segal said in a statement in the earnings release that its previously stated goals of reaching 315 million mDAUs in Q4 2023 and at least $7.5 billion in revenue in 2023 remained the same.
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