Twitter: Not So Disappointing

 

  • Twitter disappointed the market with Q1 mDAUs and revenues.
  • The social media platform comped tough pulled forward numbers while remaining on target for long-term goals.
  • The stock is now cheap trading far below EV/S multiples of peers.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
After really strong user growth due to virus lockdowns last year, Twitter (TWTR) faces some tough comps this year. The stock is falling due to an overreaction to solid mDAU growth in Q1 that missed analyst targets. My investment thesis remains very bullish on Twitter, especially on a major dip.

Read the full article on Seeking Alpha. 

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


Update July 22

Big Q2 numbers from $TWTR. The company has now consistently grown users changing the investment thesis.

-Q2 Non-GAAP EPS of $0.20 beats by $0.13
-Revenue of $1.19B (+74.1% Y/Y) beats by $130M.
-Monetizable daily active users (mDAU) of 206M (Q1: 199M) vs. a consensus of 205.9M; Adjusted EBITDA of $343.27 vs. $204M estimates.
-For 3Q21: Company expects total revenue to be between $1.22B and $1.3B vs. a consensus of $1.05B; GAAP operating income to be between a loss of $50 million and break even.

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