Twitter headline rises sharply in afterhours after the publication of the financial results by the microblogging company managed by the CEO Jack Dorsey. Adjusted net profit amounted to 20 cents per share, compared to the 7 cents expected by the analysts interviewed by Refinitiv. Revenue was $ 1.19 billion, better than the consensus projected $ 1.07 billion and up 74% year-on-year. The pace of revenue growth was the highest since 2014.
The stock leapt 5.65% in Wall Street afterhours trading, but rallied by 9%.
Advertising revenue from Twitter jumped 87% year-on-year to $ 1.05 billion, compared with daily monetizable active users of 206 million, up from 206.2 million forecast by analysts surveyed by StreetAccount.
After its loss in the second quarter of 2020 of 1.38 billion, Twitter ended the second quarter of 2021 with a net profit of $ 65.6 million.
Regarding the guidance, Twitter said it expects revenue for the third quarter of the year between $ 1.22 and $ 1.30 billion, compared to the $ 1.17 billion estimated by analysts interviewed by Refinitiv.
Throughout 2021, the group estimates that overall expenses will rise by at least 30% and that revenue will still grow at a faster rate than expenses.
It should be noted that the Twitter stock has gained 29% since the beginning of 2021, compared to the + 16% of the S&P 500 index.