Twitter: Not So Disappointing
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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.