Wednesday, February 23, 2022 12:20:25 PM
Just another nail for TWTR;
Here’s a few things that make me nervous about TWTR. A few copy and pastes from the earnings release.
Total revenue was $1.57 billion in Q4
Total ad engagements decreased 12% due to a mix shift toward lower funnel ad formats
Total costs and expenses (including cost of revenue and all operating expenses) grew to $1.40 billion in Q4. Expense growth of 35%
Research and development expenses grew 50%
Sales and marketing expenses grew 39%
General and administrative expenses increased 55%
Outlook
For Q1’22, we expect:
•Total revenue to be between $1.17 billion and $1.27 billion.
•GAAP operating loss to be between $225 million and $175 million
So Management guides Revenue down between $300-$400 Million, and 4Q Expense growth was off the charts. Drawing on Credit facilities to fund accelerated share repurchase so interest expense will be higher, (and rates are going up, just ask the FED)
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