Social media company Twitter reported better than expected third quarter earnings Wednesday beating on revenue and earnings BUT missed on key user metrics sending the stock down 17%. Investors are concerned for advertising revenue growth with $TWTR blatant political meddling.
Snap Shares Hit All Time High After Surprise Profit as Advertising Income Grows
Social media company Snap, owner of Snapchat reported better than expected third quarter earnings expectations with revenues up 52% year-over-year and a adjusted EPS of $0.01 versus a loss of $0.04 last year. Daily active users rose by 18% year-over-year to 249 million.
Snap Loses Another $326 million as Active User Growth Dissappoints
Social media company Snap, owner of Snapchat plunged 13% Tuesday after missing second quarter earnings expectations with another large net loss. $SNAP has been a great reminder of risk, herd mentality and like MySpace the perils of betting on social media longevity.
China Social Media and Dating Firm Momo Active Users Growth Continues
China based mobile based social media company Momo Inc. reported better than expected third quarter earnings before the open Tuesday. Total paying users of its live video service and value-added service grew 7% year-over-year.
Twitter Earnings Rise With Strong User and Advertising Revenue Growth
Social media company Twitter reported better than expected second quarter earnings Friday beating on revenue and earnings sending the stock up 5%. $TWTR reported strong user and advertising revenue growth for the quarter.
Facebook Earnings Beat With Higher Advertising Revenue
Social media beast Facebook reported better than expected second quarter earnings after the close Wednesday. $FB also agreed to a $5 billion settlement with the Federal Trade Commission after the 2018 Cambridge Analytica scandal.
Slack Lists Direct To Public With A $20 Billion Valuation
Workplace messaging app company Slack debuted at the NYSE with a value at $20bn, 48% above the reference price set by NYSE $WORK followed Spotify in a rare direct listing. The company has seen decelerating growth recently with investors betting on more paying customer conversions.
Twitter Earnings Beat With Rise in Advertising Engagement Revenue
Social media company Twitter reported better than expected first quarter earnings Tuesday beating on revenue and earnings sending the stock up 17% in a short market. Performance was boosted from marked rise in ad engagements and fall in cost per engagement.
Facebook Earnings Miss on Revenue as Expenses Grow
Social media beast Facebook reported Mixed third quarter earnings after the close Tuesday. Facebook revenue missed expectations though users cotinued to grow but at a slower pace.
Twitter Advertising Revenues and Engagements Boost Earnings
Social media company Twitter reported better than expected third quarter earnings Thursday beating on revenue and earnings sending the stock up 14% in a short pre-market. Concern is about rising traffic aquisition costs and user retention remains however.