=Twitter (TWTR) reported earnings on Thur 25 Oct 2018 (b/o)

Twitter beats by $0.07, beats on revs, MAU miss; guides Q4 EBITDA towards high end of estimates

• Reports Q3 (Sep) earnings of $0.21 per share, $0.07 better than the S&P Capital IQ Consensus of $0.14; revenues rose 28.5% year/year to $758 mln vs the $700.75 mln S&P Capital IQ Consensus. Advertising revenue totaled $650 million, an increase of 29% year-over-year. Total ad engagements increased 50% year-over-year. Cost per engagement (CPE) decreased 14% year-over-year. Data licensing and other revenue totaled $108 million, an increase of 25% year-over-year. US revenue totaled $423 million, an increase of 28% year-over-year. International revenue totaled $335 million, an increase of 30% year-over-year.
• Average daily active users (DAU) increased 9% year-over-year, compared to 14% in the same period of the previous year and compared to 11% in the previous quarter.
• Average monthly active users (MAU) were 326 million for Q3 vs. 329-331M guidance, compared to 330 million in the same period of the previous year and compared to 335 million in the previous quarter, impacted by a number of factors including: GDPR, decisions we have made to prioritize the health of the platform and not move to paid SMS carrier relationships in certain markets, as well as a product change that reduced automated usage and a technical issue that temporarily reduced the number of notifications sent.
• Sees Q4 Adjusted EBITDA to be between $320 million and $340 million