Twitter has gone through the confessional at the close of the US market and has presented record income. The social network has earned 1,290 million dollars in the fourth quarter, 28% more than in the same period of the previous year. With regard to the computation of the year, revenues amounted to 3,720 million, 7% more.
The balance of 2020 is very good for the company. "2020 was an extraordinary year for Twitter. We are more proud than ever to serve the public conversation, especially in these unprecedented times," said Jack Dorsey, CEO of Twitter, in a statement.
The income presented this Tuesday "reflects better than expected performance across all major products and geographies "in the words of Ned Segal, Twitter's CFO.
Despite the good results presented, Twitter shares are moving with a lot of volatility in the 'after hours' of Wall Street, which includes the operations after hours. Their titles rise more than 2% at this time, although the falls have reached more than 4%.
The data that has disappointed the market is the number of users. Has declared 192 million daily active users monetizable compared to the 193.5 million expected by the consensus of analysts.
In addition, it has issued a warning. The company expects a workforce growth of over 20% during 2021, despite the positive news, this will mean an increase in overhead costs of more than 25%.