Twitter Q4 Revenues $1.01 Billion and Year End 2019, $3.46 Billion

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Twitter Q4 Revenues $1.01 Billion and Year End 2019, $3.46 Billion

engine

11:35 am on Feb 7, 2020 (gmt 0)

Twitter has reported it's revenues and first $1 billion quarter, and year end of $3.46 billion, up 14% year-on-year.

It's ad revenues for the quarter was up 12%, y-o-y.

Twitter's projections include significant investments in staff and technology, no doubt preparing financial investors for future earnings.

[s22.q4cdn.com...]

lammert

1:49 pm on Feb 7, 2020 (gmt 0)

There is always lots of information hidden in such balance sheets.

One is that 897 million dollar short-term convertible notes have been replaced by 692 million dollar long-term senior notes. They seem to have restructured their financing structure with a more long-term vision. Senior notes also give the lender claim rights on assets in case of bankruptcy.

You also see the effect of new accounting rules in 2019. Since that year it is mandatory to add operational lease contracts to the balance sheets. While in the previous year Twitter mentioned 885 million in property and equipment, in 2019 the total of own property and operational lease doubled to 1729 million. I expect the largest part of those operational lease contracts to be hardware contracts, which were simply left out of the balance sheet in previous years.