Twitter TWTR reported quarterly earnings of 38 cents per share Tuesday, which beat the analyst consensus estimate of 31 cents by 22.58%. This is a 52% increase over earnings of 25 cents per share from the same period last year.
The company reported quarterly sales of $1.29 billion, which beat the analyst consensus estimate of $1.19 billion by 8.4%. This is a 28.1% increase over sales of $1.01 billion in the same period last year.
Twitter reported fourth-quarter average monetizable daily active users at 192 million versus the 152 million in the same quarter last year.
The company sees first-quarter sales at $940 million to $1.04 billion versus the $965.14-million estimate.
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Twitter defines monetizable daily active usage or users (mDAU) "as people, organizations, or other accounts who logged in or were otherwise authenticated and accessed Twitter on any given day through twitter.com or Twitter applications that are able to show ads. Average mDAU for a period represents the number of mDAU on each day of such period divided by the number of days for such period."
"Our product changes to date are promoting healthier conversations for those who use our service, including advertisers and partners, and we are excited about our plans to continue innovating in 2021," said Jack Dorsey, Twitter's CEO.
Twitter shares closed Tuesday's session up 2.89% at $59.88. The stock has a 52-week high of $60.73 and a 52-week low of $20.
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