Twitter Inc (NYSE: TWTR) stock rose over 4.3% in the pre-market session of Feb 10th, 2021 (Source: Google finance) after the company posted better than expected results for the fourth quarter of FY 20, however the company failed to meet Wall Street’s user growth expectations. The company reported 27% increase in Monetizable daily active users (mDAUs) to 192 million vs. 193.5 million expected, according to StreetAccount. TWTR grew total ad revenue 43% sequentially. On a year-over-year basis, US ad revenue rose up 27% and international ad revenue was up 35% compared to 11% and 20% respectively in Q3. Advertiser demand was stronger than expected throughout the quarter outside of the short period bracketing the US elections on November 3. The company has made significant progress with new ad formats, stronger attribution and improved targeting in Q4 and that momentum continues in Q1 with the launch of the rebuilt MAP offering and website clicks objective. These improvements allows the company to serve the TR advertisers of all sizes with better performance. TWTR in the fourth quarter of FY 20 has reported the adjusted earnings per share of 38 cents, beating the analysts’ estimates for the adjusted earnings per share of 31 cents, according to forecast by Refinitiv. The company had reported the adjusted revenue growth of 28 percent to $1.29 billion in the fourth quarter of FY 20, beating the analysts’ estimates for revenue of $1.19 billion. Going forward, the company expects revenue to grow faster than expenses in 2021, assuming the pandemic continues to improve and taking into account an expected “modest impact” from Apple’s upcoming privacy changes to iOS 14. However, the company warned it projects headcount growth of more than 20% this year, with overall expenses increasing more than 25%. The company expects revenue to be in the range of $940 million and $1.04 billion in the first quarter. Analysts were expecting guidance of $965 million on average, according to Refinitiv. The company expects to see mDAU growth of approximately 20% year over year in the first quarter as the increase in average absolute mDAU through the end of January was above the historical average. On the other hand, the company has permanently suspended President Donald Trump’s account, which had about 88 million followers, after the world leader’s fanning of conspiracy theories about voter fraud and election theft spurred thousands of his supporters to lay siege to the Capitol.

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