|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||31.97 - 32.69|
|52 Week Range||14.12 - 35.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 24, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||27.55|
Companies are increasingly susceptible to the slings and arrows of their most popular users.
In recent times, Twitter (TWTR) executives have talked favorably about the company’s data licensing business, saying it was shaping up to be a key driver of growth and profitability. In 4Q17, Twitter’s revenues from data licensing and other non-advertising sources (known as its DES business) grew 10% YoY (year-over-year) to $87 million, building on its growth of 22% during the previous quarter. Notably, Twitter was able to ink a significant number of new data licensing deals with enterprises during 4Q17, and this led to the continued growth in DES business in the quarter.
Twitter’s (TWTR) 4Q17 marked a strong finish to 2017, with earnings that not only grew from the same period one year ago but also smashed consensus estimates. Twitter’s top-line growth actually accelerated from 1.0% YoY in 4Q16, and its revenues fell 4.0% YoY in 3Q17. Wall Street was expecting Twitter to report $686.1 million in revenues for 4Q17.
For the first time since going public in 2015, Twitter (TWTR) was able to turn a net profit on a GAAP (generally accepted accounting principles) basis in 4Q17, marking a significant milestone for the company and lifting investors’ hope for a better future. The profit was a much-needed disruption of Twitter’s losing streak that characterized recent past quarterly reports amid weakness in its core advertising business. Twitter posted a net profit of $91 million in 4Q17, translating to EPS (earnings per share) of $0.12.
Aalok Devkota recommended Twitter at $22 late last year. Since then, Twitter reported is first profitable quarter ever and the stock has soared. Now trading at $32, I checked to see if he is buying or selling after his nearly 50% gain in 4 months.
Advertising was one of the operations that led Amazon.com (AMZN) to a strong 4Q17, wherein overall revenues jumped 38% YoY (year-over-year) and profits hit a record $1.9 billion. Although Amazon said that advertising was a key contributor to its gains in 4Q17, the company doesn’t break out its advertising revenues. Instead, advertising sales are reported under Other revenue segment, which also includes incomes from Amazon’s co-branded credit card agreements.
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Billionaire David Einhorn's long portfolio at Greenlight Capital fell almost $1 billion in Q4, 13F filings show.
The Snapchat user revolt was heightened as influential user Kylie Jenner used Twitter to express her dismay over the new format.
Feb.23 -- Om Malik, True Ventures partner, and Bloomberg's Selina Wang discuss the big challenges facing social media companies with Bloomberg's Emily Chang on "Bloomberg Technology."
Laura Froelich, Twitter’s global director of sports partnerships, discusses the streaming media landscape among the major sports leagues with CNBC’s Eric Chemi.
Scott Galloway, NYU Stern School of Business professor, and Recode’s Kara Swisher discuss what kind of social responsibility social media holds to curb misleading information on its platforms.
Bob O'Donnell of TECHnalysis Research says that social media companies face strong headwinds around the discussion of consumer data collection.
Feb.22 -- Snap Inc.’s shares sank as much as 7.2 percent Thursday, wiping out $1.3 billion in market value, on the heels of a tweet from Kylie Jenner, who said she doesn’t open the app anymore. Bloomberg's Selina Wang has more on "Bloomberg Technology."
Feb.22 -- Snap Inc.’s shares sank as much as 7.2 percent Thursday, wiping out $1.3 billion in market value, on the heels of a tweet from Kylie Jenner, who said she doesn’t open the app anymore. Bloomberg's Taylor Riggs takes a look at the shares on "Bloomberg Markets."
Yahoo Finance's Seana Smith, Dan Roberts and Dion Rabouin discuss the Wall Street Journal's report that the SEC is considering giving companies more flexibility when launching initial public offerings.