Twitter reports Q3 earnings
Dan Howley, Yahoo Finance, talks the social media platform's recent earnings and advertising impact after the company misses revenue expectations slightly.
Video Transcript
SEANA SMITH: But first, the earnings keep rolling in. We have Twitter that's out with the results. Shares off just a bit here after hours. Dan Howley, what do you have?
DAN HOWLEY: That's right. The revenue is $128 billion versus expectations of-- sorry, $1.28 billion versus expectations of $1.29 billion. And really, their EPS was also off. It was down $0.54, or minus $0.54, versus expectations of $0.15. I think really what people are looking at here is expectations for the coming quarter, with Twitter essentially saying that revenue is expected to be between $1.5 billion and $1.6 billion. Analysts' estimates were for $1.58 billion. So that's favorable to them.
They also had 13% increase in daily active users to 211 million, so. And total revenue was up 37% year over year. So not a terrible quarter for Twitter. That's why I think we're seeing that kind of a little bit to the downside right now, but still not as bad as we could have expected, especially given those changes to Apple's privacy policy.
ADAM SHAPIRO: All right, Dan Howley, thank you.
