Twitter beats by $0.03, beats on revs; guides Q1 revs above consensus; guides FY14 revs above consensus (65.97 -0.35)
Reports Q4 (Dec) earnings of $0.02 per share, $0.03 better than the Capital IQ Consensus Estimate of ($0.01). TWTR Monthly Active Users 241 mln compared to 231.7 mln at the end of SepQ and 185 mln at the end of prior year DecQ.
Revenue for the fourth quarter of 2013 totaled $243 million, an increase of 116% compared to $112 million in the same period last year.
Advertising revenue totaled $220 million, an increase of 121% year-over-year.
Mobile advertising revenue was more than 75% of total advertising revenue.
Data licensing and other revenue totaled $23 million, an increase of 80% year-over-year.
International revenue totaled $66 million, an increase of 200% year-over-year. International revenue was 27% of total revenue.
Average Monthly Active Users (MAUs) were 241 million as of December, 31, 2013, an increase of 30% year-over-year.
Mobile MAUs reached 184 million in the fourth quarter of 2013, an increase of 37% year-over-year, representing 76% of total MAUs.
Timeline views reached 148 billion in the fourth quarter of 2013, an increase of 26% year-over-year.
Advertising revenue per thousand timeline views reached $1.49 in the fourth quarter of 2013, an increase of 76% year-over-year.
Co issues upside guidance for Q1, sees Adjusted EBITDA in the range of $10-16 bln, Capital IQ consensus $17 mln, sees Q1 revs of $230-240 mln vs. $215.69 mln Capital IQ Consensus Estimate. Co issues upside guidance for FY14, sees adjusted EBITDA between $150-180 mln, Capital IQ consensus $43 mln, sees FY14 revs of $1.15-1.20 bln vs. $1.13 bln Capital IQ Consensus Estimate.
The premium goes down after earnings are announced.
But it should continue to grind higher, hopefully get some upgrades. Don't forget to play DL for an earnings pop, similar business.
Sentiment: Strong Buy