Twitter on Wednesday announced Q4 2013 revenue of $243 million, up 116 percent year over year, and a 30 percent YoY increase in average monthly active users. Wall Street reacted by sending its share prices down 21 percent, and analysts promptly downgraded the company. That could be because Twitter’s forecast was less than sanguine: It expects Q1 2014 revenue to decline to between $230 million and $240 million, and adjusted EBITDA to plummet from Q4 2013’s $45 million to between $10 million and $16 million.
Loading ...
Twitter Struggles to Stay Aloft on Wall Street
Posted by: Richard Adhikari February 6, 2014 11:55 AMTwitter on Wednesday announced Q4 2013 revenue of $243 million, up 116 percent year over year, and a 30 percent YoY increase in average monthly active users. Wall Street reacted by sending its share prices down 21 percent, and analysts promptly downgraded the company. That could be because Twitter’s forecast was less than sanguine: It expects Q1 2014 revenue to decline to between $230 million and $240 million, and adjusted EBITDA to plummet from Q4 2013’s $45 million to between $10 million and $16 million.