At the close of trading on Thursday, Twitter’s shares were up 15.03 percent at $38.41, up 32 percent in the past three months. Twitter reported revenue of $1.01 billion in the fourth quarter of 2019, up 11 percent from a year earlier, and net profit of $119 million, compared with $255 million a year earlier, according to its latest results On Thursday. Full-year 2019 revenue was $3.46 billion, up 14% year-on-year, and net profit was $1.47 billion, up from $1.21 billion a year earlier.
In addition, the average daily monetization of active users (mDAU) increased by 7 million to 152 million in the fourth quarter, beating analysts’ consensus expectations of 126 million in the same period last year and 145 million in the previous quarter.
For the first quarter of 2020, Twitter expects revenue of $825 million to $885 million, compared with an analyst forecast of $873 million.
Analysts at MKM Partners said Twitter’s fourth-quarter results were better than expected, especially given peer-reported trends in advertising revenue and the company’s recent privacy-related concerns. The agency rated the stock as neutral, with a target price of $34.