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“Twitter Q2 2018 Earnings Report”https://twitter.com/i/moments/1022804623717875712 …
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As previously announced, Twitter will report Q3’18 earnings results on October 25, 2018 pre-market.
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A transcript of Twitter CFO
@nedsegal at the Citi Global Technology Conference is now available on our website. https://investor.twitterinc.com/static-files/73d6e3ca-4011-46ed-a4ce-b99dfc7b9e3c …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Twitter CFO
@nedsegal to present at the Citi Global Technology Conference on September 5th@5:00 AM PT / 8:00 AM EThttps://investor.twitterinc.com/releases.cfmThanks. Twitter will use this to make your timeline better. UndoUndo -
We have filed our Q2 2018 10-Q with the SEC: https://www.sec.gov/Archives/edgar/data/1418091/000156459018017905/twtr-10q_20180630.htm …
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Twitter Q2’18 earnings Q&A with
@jack &@nedsegal is starting soon. Listen via https://investor.twitterinc.com/events.cfm or@TwitterIR: https://investor.twitterinc.com/eventdetail.cfm?EventID=189198&CalendarID=2 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Outlook for FY’18: SBC expense to be in the range of $300M to $350M; capital expenditures to be between $450M and $500M.
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Outlook for Q3: adj EBITDA to be between $215M and $235M, adj EBITDA margin to be between 33% and 34%; SBC expense to be in the range of $85M and $90M.
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Based on our current level of visibility, we expect the decline to be mid-single-digit millions of MAU. As a reminder, DAU growth continues to be the best measure of our success in driving the use of Twitter as a daily utility.
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As a result of our health work, decisions not to renew or move to paid SMS carrier relationships in certain markets, and our decision to allocate resources towards GDPR and health, MAU could decline on a sequential basis in Q3.
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This prioritization impacts growth in the near term, but we are confident that this is in the best long-term interest of the platform and will enable long-term growth as we improve the health of the public conversation on Twitter.
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2) We are making active decisions to prioritize health initiatives over near-term product improvements that may drive more usage of Twitter as a daily utility.
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Our efforts to improve the health of Twitter impact our disclosed metrics in two ways: 1) Our work sometimes includes the removal of accounts, some of which are included in our metrics.
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We are proud of the tangible improvements people are seeing on Twitter. We believe Twitter's value as a daily utility is enhanced when the conversation on the platform is healthy and people feel safe expressing themselves freely and openly.
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We’re continuing to improve our systems, and our ability to detect malicious automation, spam, and fake accounts has improved significantly.
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In Q2 we made updates to reduce the visibility of suspicious accts. in Tweet + acct. metrics to ensure malicious actors aren’t able to artificially boost an acct’s. credibility, + we announced updates to require new accts. to confirm either an email address or phone number.
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We also acquired Smyte, a company that specializes in spam prevention, safety and security.
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We continue to invest in improving the health of the public conversation on Twitter, making the service better by integrating new behavioral signals to remove spammy + suspicious accts. + continuing to prioritize the long term health of the platform over near-term metrics.
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Average MAUs were 335M for Q2, an increase of 9M y/y and -1M q/q, reflecting impact from decisions we have made to prioritize the health of the platform, to not move to paid SMS carrier relationships in certain markets and, to a lesser extent, GDPR.
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DAU grew 11% y/y in Q2, with double-digit growth in five out of our top 10 global markets, demonstrating another quarter of broad-based growth.
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