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    ⚡️ “Twitter Q1 2018 Earnings Report”

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  2. May 15

    Today we are introducing new behavior-based signals into how Tweets are organized and presented in areas like conversations and search. This is to improve the health of the conversation and improve everyone’s Twitter experience.

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  3. Twitter CFO to present at the J.P. Morgan Global Technology, Media & Communications Conference on May 15 @ 11:20 AM PT / 2:20 PM ET

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  4. We have filed our Q1 2018 10-Q with the SEC.

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  6. Outlook for FY’18: SBC expense to be in the range of $350M to $450M: capital expenditures to be between $375M and $450M.

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  7. Outlook for Q2: adj EBITDA to be between $245M and $265M, adj EBITDA margin to be between 37% and 38%; SBC expense to be in the range of $85M and $95M.

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  8. We expect to have meaningful updates in the second quarter and we’re committed to continuing to share our progress along the way.

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  9. In the last 16 months, we have made more than 30 individual changes to our product, policies and operations, all with the goal of making Twitter safer, and improving information quality on our service.

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  10. We made meaningful progress in our ongoing safety and information quality work in Q1, and we are continuing to invest in improving the quality of content and the overall health of the conversation on Twitter.

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  11. We streamed 1,300+ live broadcasts, with approximately 80% of those reaching a global audience.

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  12. In Q1, we signed over 30 new live-streaming, highlight and VOD partnerships including more than 15 international deals.

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  13. Avg MAUs were 336M for Q1, an increase of 3% y/y and an increase of 6M compared to 330M in the previous quarter.

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  14. Q1 DAU grew 10% y/y, marking another quarter of double-digit y/y growth.

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  15. DAU grew 10% y/y, another quarter of double-digit y/y growth. We continue to make Twitter easier to use w/ the launch of Bookmarks + video timestamps + making it easier to follow topics, interests + events w/ new, curated timelines of Tweets around breaking news events.

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  16. We continue to expect to be GAAP profitable for the full year 2018.

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  17. We expect to grow headcount 10-15% year-over-year in 2018, as we continue to invest in our priorities, including improving the overall health of the platform, ongoing audience and engagement growth, improving ad products, and investments in sales.

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  18. It's now more likely that we will see full year adj EBITDA margin expansion in 2018, with much of the improvement in the first half of the year.

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  19. We continue to believe that our sequential growth rates for total revenue for the remainder of 2018 will resemble the sequential growth rates for total revenue in 2016.

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  20. We outperformed our guidance range of $185M to $205M for adj EBITDA and 33% to 34% for adj EBITDA margins due to strong revenue performance, relative to our expectations.

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