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Twitter Q4'18 Earnings - Live Updates

Twitter (TWTR) is down 10% due in part to disappointing Q1 guidance and possibly concerns over the reporting shift from MAUs to mDAUs. The move is personally a good one, but the social-media company would be better off to keep reporting the MAUs, as well.

BTIG slapped together this chart that provides a solid indication of why mDAUs are so important for the company. These mDAUs users have consistently grown at a 10%+ annual clips since Jack Dorsey returned as CEO.
With the 10% dip in Twitter and the 20%+ jump in Snap (SNAP) the prior day, Twitter is now actually the cheaper stock. The company generated over $850 million in free cash flow last year while Snap is still burning $150 million per quarter.

The market tends to over react so one should expect these moves to reverse over the course of the next quarter.

Disclosure: Long TWTR. Please review the disclaimer page for more details. 


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