AP
Twitter CEO Dick Costolo
Twitter's earnings are coming shortly and we will have the numbers as soon as possible.
We're updating this post as we go, so hit refresh for the latest, or just click here.
Here are the key numbers to look for:
- Revenue: $283.07 million
- EPS: -$0.01
- Monthly Active Users: ~267 million (based on 5 analysts polled by Bloomberg)
- Q3 revenue guidance: $323.71
- Q3 EPS guidance: $0.00
This promises to be another big/volatile earnings report for Twitter. Twitter's user growth has consistently underperformed expectations.
Last quarter, the company shook up its executive ranks with COO Ali Rowghani leaving, and not being replaced. It also appointed Anthony Noto, the Goldman Sachs banker who led its IPO, to the CFO slot.
We were told that the COO decision revolved around Twitter's need to improve its product to attract new users. The former COO was in charge of product, but there was a feeling in the company that he didn't have a great product vision.
When Twitter hired Daniel Graf as the new head of product, CEO Dick Costolo wanted Graf reporting into him. That left Rowghani with less responsibility, and ultimately he left Twitter.
We also heard that Rowghani was a key person for talking to analysts and investors. So, when he left, Twitter needed Noto as CFO to fill that slot. With his experience at Goldman Sachs, Noto is perfect for telling Twitter's story to investors.
After the executive shake up, there's even more pressure on Costolo. He now has his team in place, and he's even more responsible for product direction.
Investors are getting weary of seeing Facebook - with 1.3 billion monthly active users - adding more users on a monthly basis than Twitter, which last quarter had just 255 million monthly active users.