Report
James Cordwell

Q118: Strong financials, user trends still lacklustre

Q1 revenue and EBITDA comfortably topped expectations and Q2 guidance suggests momentum is set to continue as the recent improvements in user engagement attract advertisers back to the platform. However, MAU adds remained lacklustre and DAU growth decelerated, meaning questions are likely to remain as to whether these trends can be maintained beyond the current year.
Underlying
Twitter Inc.

Twitter provides products and services for people, organizations, advertisers, developers and platform and data partners. The company's product, Twitter, is a global platform for public self-expression and conversation in real time. The company's mobile application, Periscope, lets anyone broadcast and watch video live with others. The company's products and services for advertisers include Promoted Products such as Promoted Tweets, Promoted Accounts, and Promoted Trends. The company's products for developers and data partners provide tools and public application programming interfaces to build applications and other products that utilize Twitter data and syndicate and distribute Twitter content across their properties.

Provider
Atlantic Equities
Atlantic Equities

Formed in 2003 by an established team from Cazenove, one of the most respected investment banks in the UK, Atlantic Equities conducts and publishes fundamental, bottom up research on mid and large cap US companies.

Atlantic provide order execution through a wide range of DMA products and algorithmic trading suites.

Analysts
James Cordwell

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