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Twitter, Inc. (NYSE: TWTR) today announced financial results for the fourth quarter and fiscal year ended December 31, 2013.
Q4 revenue of $243 million, up 116% year-over-year Q4 net loss of $511 million and non-GAAP net income of $10 million Q4 GAAP EPS of ($1.41) and non-GAAP EPS of $0.02 Q4 adjusted EBITDA of $45 million, representing an adjusted EBITDA margin of 18% Full year revenue of $665 million, up 110% year-over-year Full year net loss of $645 million and non-GAAP net loss of $34 million Full year GAAP EPS of ($3.41) and non-GAAP EPS of ($0.18) Full year adjusted EBITDA of $75 million, representing an adjusted EBITDA margin of 11%
"Twitter finished a great year with our strongest financial quarter to date," said Dick Costolo, CEO of Twitter. "We are the only platform that is public, real-time, conversational and widely distributed and I'm excited by the number of initiatives we have underway to further build upon the Twitter experience."Twitter Reports Full Year Earnings and Posts $645 Million Net Loss [investor.twitterinc.com]
Twitter Inc's shares fell almost 25 percent on Thursday, wiping out about $9.8 billion in market value, after the company reported a sharp slowdown in user growth.
The stock, which debuted at $26 in November, hit a low of $50 in early trading. The shares hit a peak of $74.73 in late December as investors bet that the social media platform could become as ubiquitous as Facebook.
Analysts, unlike investors, were divided on the company's outlook a day after it reported fourth-quarter results.
Twitter, according to broker assessments, is either the overvalued owner of a niche product whose potential is fading or an undervalued phenomenon that is set to give Facebook a run for its money in mobile.
"We remain firmly in the latter camp..." said Deutsche Bank, one of one at least six brokerages that raised target prices or ratings on Twitter's stock.Investors dump Twitter stock as results divide Wall Street [reuters.com]
Blows my mind when I see a company with such revenues posting a LOSS and all they do is shove a bunch of 140 character messages around the planet.
Lets try another explanation: Twitter made a small profit, but it was turned into a large loss after deducting the value of shares and/or options issued as remuneration