Twitter, Inc. operates as a global platform for public self-expression and conversation in real time. It offers various products and services for users, including Twitter that allows users to create, distribute, and discover content; and Vine and video, a mobile application that enables users to create and distribute short looping videos. The company also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends that enable its advertisers to promote their brands, products, and services; and subscription access to its data feed for data partners. In addition, it offers a set of tools, public APIs, and embeddable widgets that developers can use t...
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San Francisco, CA 94103
Founded in 2006
Twitter, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter Ended December 31, 2015; Provides Earnings Guidance for the First Quarter and Full Year of 2016
Feb 10 16
Twitter, Inc. announced unaudited consolidated earnings results for the fourth quarter ended December 31, 2015. For the quarter, the company reported revenue of $710,473,000 against $479,078,000 a year ago. Loss from operations was $67,179,000 against $98,153,000 a year ago. Loss before income taxes was $86,831,000 against $121,665,000 a year ago. Net loss was $90,236,000 or $0.13 basic and diluted per share against $125,352,000 or $0.20 basic and diluted per share a year ago. Net cash provided by operating activities was $99,238,000 against $43,318,000 a year ago. Purchases of property and equipment were $80,464,000 against $68,791,000 a year ago. Non-GAAP net income was $114,619,000 or $0.16 diluted per share against $79,320,000 or $0.12 diluted per share a year ago. Adjusted EBITDA was $191,418,000 against $141,490,000 a year ago.
For the year, the company reported revenue of $2,218,032,000 against $1,403,002,000 a year ago. Loss from operations was $450,036,000 against $538,866,000 a year ago. Loss before income taxes was $533,305,000 against $578,351,000 a year ago. Net loss was $521,031,000 or $0.79 basic and diluted per share against $577,820,000 or $0.96 basic and diluted per share a year ago. Net cash provided by operating activities was $383,066,000 against $81,796,000 a year ago. Purchases of property and equipment were $347,280,000 against $201,630,000 a year ago. Non-GAAP net income was $276,629,000 or $0.40 diluted per share against $101,071,000 or $0.14 diluted per share a year ago. Adjusted EBITDA was $557,807,000 against $300,896,000 a year ago.
The company provided earnings guidance for the first quarter and full year of 2016. For the quarter, the company expects revenue to be in the range of $595 to $610 million and adjusted EBITDA to be in the range of $150 to $160 million.
For the full year, the company expects capital expenditures to be $300 million to $425 million, Adjusted EBITDA margin in the range of 25%-27%.