Economy

Twitter says abuse reports have fallen by 16 percent

Twitter says abuse reports have fallen by 16 percent”

Instead, Twitter will use monetizable daily active users (mDAU) as its "audience and engagement metric", the company explained, in a statement.

After the fiscal first quarter of 2019, Twitter will stop reporting its number of monthly active users in its quarterly results.

It expects capital expenditure of between $550 million and $600 million, well above analysts' average estimate of $415 million for 2019.

The higher expenses could eat into eats earnings, some analysts said.

Twitter earned 31 cents per share in the fourth quarter on revenue of $909 million.

Twitter's 126 million daily active users falls short of the 186 million who frequent Snapchat every day on average, and Facebook has 1.52 million daily users across all of its units (including Instagram, WhatsApp, Facebook Messenger and others).

Twitter CEO Jack Dorsey said the messaging platform has made strides in becoming profitable and rooting out harassment and abuse. GETTY  AFP  File  David Becker

Twitter's operating costs are expected to surge by 20 percent year on year, a large increase from analysts projections of 12 percent. Facebook had more than more than a billion in the same period.

"As a platform for breaking news and live moments, many users are logging in on a daily basis, and Twitter is acknowledging this pattern by sharing metrics with ad buyers that will allow them to see the bigger picture as it relates to users who are reachable by ads".

Social media company Twitter released its fourth quarter earnings today, and inside the report was a number that the company had never released before.

Twitter dropped once again in monthly active users, from 326 million in Q3 to 321 million in Q4. The company expected a total revenue of between $715 million and $775 million for the first quarter of 2019; according to IBES data from Refinitiv, the midpoint of that figure range was below the average analyst estimate of $765 million. So, where does that it leave Twitter in increasing DAUs from a shrinking pool, points out R.W. Baird analyst Colin Sebastian, who has a Neutral rating and $35 price target on Twitter shares. Total advertising revenue was up 23% quarter-on-quarter to $791m, with video ads representing more than half of sales.

Monthly active users (MAUs) averaged 321 million in the fourth quarter which represents a decrease of 9 million from past year.

Twitter has made its first annual profit in its 13-year history but another fall in the number of its users and a disappointing sales forecast took the gloss off the results and sent its shares down almost 10 per cent.



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