Twitter, Inc. (TWTR) reported fourth-quarter earnings of 15 cents per share on Thursday, down year-over-year from 33 cents.
The company reported sales of $1.01 billion, which beat the $996.74-million consensus estimate, an increase of 11% year-over-year.
Twitter reported advertising revenue of $885 million, an increase of 12% year-over-year.
The company also reported fourth-quarter average monetizable daily active users of 152 million versus 126 million in the same period last year and 145 million in the previous quarter.
Twitter guided to first-quarter operating income of zero to $30 million and sales of $825 million to $885 million.
"2019 was a great year for Twitter. Our work to increase relevance and ease of use delivered 21% mDAU growth in Q4, with more than half of the 26 million mDAU added in 2019 directly driven by product improvements," CEO Jack Dorsey said in a statement.
Twitter shares were trading up 8.03% at $36.07 in Thursday’s premarket session. The stock has a 52-week high of $45.86 and a 52-week low of $28.63.
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