Seeking Alpha

Twitter updates S-1, reports strong Q3 sales growth

  • In addition to disclosing it's listing on the NYSE, Twitter (TWTR) has updated its S-1 to account for its Q3 results.
  • Twitter had Q3 revenue of $168.6M, and a non-GAAP net loss of $17.2M. The top-line figure represents 105% Y/Y rev. growth, nearly even with 1H's 107% growth; the net loss figure compares with a 1H level of $44.1M. GAAP net loss, which includes major stock compensation expenses, has amounted to $133.8M YTD.
  • Monthly active users (MAUs) totaled 231.7M at the end of Q3, +6% Q/Q and +39% Y/Y. 44% Y/Y MAU growth was seen in Q2. U.S. MAUs +30% to 52.7M, international MAUs +41% to 179M.
  • Timeline views +5% Q/Q and +50% Y/Y to 158.8M. That's a slowdown from Q2's 69% growth. There were 685 timeline views per MAU, +8% Y/Y but -1% Q/Q with slight declines in both U.S. and international levels.
  • Monetization continues to improve: ad revenue per 1K timeline views was $0.97, up from Q2's $0.80 and the year-ago period's $0.65. But the gap between the U.S. figure ($2.58, up from $2.17 in Q2) and the international figure ($0.36, up from $0.30 in Q2) remains huge.
  • 70% of ad revenue came from mobile, up from 65% in Q2. 76% of MAUs used mobile devices to access Twitter vs. 75% in Q2.
  • Publicly-traded Twitter shareholders: GSVC, SVVC
Comments (3)
  • Atkins
    , contributor
    Comments (1036) | Send Message
     
    In light of the love and glory afforded by the Street to social media IPOs, is there any doubt that Twitter will be a strong buy? Talk to today's teens and 20-somethings. They spend more time tweeting than they do talking to other people. The market has proven that it will pay up (huge!) for social media stocks, provided that there is a speck of potential for future profits. Profitability now or anytime in the foreseeable future is irrelevant. The sky is the limit for this stock.
    15 Oct 2013, 07:30 PM Reply Like
  • Deja Vu
    , contributor
    Comments (1100) | Send Message
     
    selling the house in the front parlor as the back of the house is burning. The unseemly rush to the market screams to the high heavens that there is something that the insiders know about the future prospects of twitter.

     

    Of course, egged on by the screams of Cramer and paeans penned by permabullish analysts, retail will be attracted like moths to the fire.
    16 Oct 2013, 07:47 AM Reply Like
  • paulmichael
    , contributor
    Comments (155) | Send Message
     
    Good news, TWTR can be had via GSVC, a pre-IPO investor. Currently running up from single digits, now hovering around 15, target 20 near-term.
    16 Oct 2013, 02:53 PM Reply Like
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