Twitter share price up 15% after Q1 earnings revenue beat

The social media app's stock soars after a better-than-expected Q1 earnings report.

Twitter logo after Twitter Q1 earnings Source: Bloomberg

Twitter share price is up by double digits after beating Wall Street estimates. Twitter’s Q1 earnings report exceeded expectations.

Twitter earnings:key figures

Earnings per share $0.37
Revenue $787 million
Average monthly active users 330 million

Twitter share price up 15% after Q1 earnings revenue beat

Twitter’s Q1 earnings per share were $0.37, far exceeding financial experts’ predictions of $0.16. Twitter’s Q1 revenue was $787 million, surpassing the $776.1 million Wall Street expected. The social media company’s monthly active users were 330 million, more than the projected 318 million users.

Twitter's user numbers are down from 336 million in 2018, but more than 321 million in its Q4 2018 report. Twitter touted its test of new features through a public app in a letter to shareholders.

‘We made a number of product improvements in the first quarter, including the launch of a public prototype app, with an initial focus on making Twitter more conversational, and a new Twitter camera to more easily capture and share what's happening,’ said Twitter.

Twitter chief executive officer, (CEO), Jack Dorsey, also explained how visitors testing new features on the prototype app helped raise Twitter’s Q1 earnings.

‘Generally, most of the people that have been testing the prototype app prefer it over the main Twitter production app. So it’s shown that we’re heading in the right direction, but we still have some work to do before we feel confident that we should put it in production,’ said Dorsey.

Dorsey also explained how the social media app wants to increase Twitter’s profits by protecting users from abusive tweets from other visitors.

‘We are reducing the burden on victims and, where possible, taking action before abuse is reported,’ said Dorsey.

How did Twitter Q1 results compare to other social media apps?

Compared to social media company Snapchat, Twitter’s Q1 earnings were positive. Snapchat also had user growth and increased revenue in its Q1 revenue report.

What is Twitter’s Q2 forecast?

Twitter’s Q2 forecast is estimated to be between $770-$830 million. That assessment is slightly below financial analysts’ estimates of $783.9-$853.6 million. In future quarters, Twitter will measure daily active users instead of monthly active users.

Twitter’s Q1 results show that innovation improves user engagement

Twitter’s Q1 revenue shows that adding new features and deleting spam accounts have helped users trust Twitter as a social media app. Twitter’s Q1 revenue show that offering users new features and targeted relevant content can increase profits.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

See opportunity on a stock?

Don’t miss your chance. Try a risk-free trade in your demo account, and find out whether your hunch could have paid off.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on a stock?

Don’t miss your chance. Upgrade to a live account to take advantage.

  • Trade a wide range of popular global stocks
  • Analyse and deal seamlessly on fast, intuitive charts
  • See and react to breaking news in-platform, when it matters

See opportunity on a stock?

Don’t miss your chance. Log in to take advantage while conditions prevail.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
Bid
Offer
-
-
-
-
-
-
-
-
-
-
Bid
Offer
Bid
Offer
-
-
China 300
-
-

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.