Twitter beats by $0.03, beats on revs; guides Q2 revs in-line; guides FY14 revs in-line
Reports Q1 (Mar) net of breakeven, $0.03 better than the Capital IQ Consensus Estimate of ($0.03); revenues rose 119.7% year/year to $250.5 mln vs the $241.71 mln consensus.
Revenues
Ad revs $226 mln, up 125% y/y, Q4 ad revs $220 mln
Mobile ad revenue approx 80% of ad revs
International revenue $70 mln, up 183% y/y
TWTR reports Q1 Average Monthly Active Users were 255 mln; Street expectations were 255 mln, Q4 was 241 mln. Mobile MAUs reached 198 mln, an increase of 31% y/y, represents 78% of total MAU
Timeline views reached 157 bln, up 15% y/y, 148 bln in Q4
Advertising Revenue per thousand views was $1.44, up 96% y/y; $1.49 in Q4
Co issues in-line guidance for Q2, sees Q2 revs of $270-280 mln vs. $273.21 mln Capital IQ Consensus Estimate.
Adjusted EBITDA expected to be between $25-30 mln
Co issues in-line guidance for FY14, sees FY14 revs of $1.200-1.250 bln vs. $1.24 bln Capital IQ Consensus Estimate; Prior guidance $1.150-1.200 bln
Adjusted EBITDA expected to be between $180-225 mln, prior guidance $150-180 mln
CapEx expected to be in the range of $330-390 mln, in line with prior guidance