TWTR - TWTR STOCK NEWS

Twitter, Inc. (NYSE: TWTR) reported Q4 2020 revenue of $1.29 billion, a 28% year-over-year increase, driven by a 31% rise in ad revenue. Average monthly active users (mDAU) reached 192 million, up 27% from the previous year. Despite record revenues, the company faced a net loss of $1.14 billion for FY 2020. Operating income for Q4 was $252 million, yielding a 20% margin. Looking ahead, Twitter plans a 20% increase in headcount and expects 2021 costs to rise by 25% or more. For Q1 2021, revenue is projected between $940 million and $1.04 billion.

On February 4, 2021, Twitter (NYSE: TWTR) announced an expanded partnership with Google Cloud. This multi-year agreement will move Twitter's offline analytics, data processing, and machine learning workloads to Google's Data Cloud. The transition aims to enhance Twitter's data analysis capabilities, allowing for quicker insights and improved user experience. This partnership builds on a previous contract from 2018, significantly enhancing the productivity of engineering teams and enabling machine learning innovations.

Twitter (TWTR) announced a binding agreement to settle shareholder derivative lawsuits in Delaware courts. The settlement resolves all claims without any liability attributed to the company or its directors. Under the agreement, Twitter's insurers will pay $38 million for corporate purposes, while the Board will implement governance changes. The settlement awaits final court approval, with a hearing set for March 19, 2021. Shareholders may object to the settlement by February 26, 2021. This settlement aims to strengthen corporate governance and alleviate legal pressures on the company.

True, an innovative talent management platform, has appointed Nick Caldwell, VP of Engineering at Twitter (NYSE: TWTR), to its Board of Directors. Caldwell, with a robust background in technology from companies like Microsoft and Looker, is expected to drive True's growth and innovation in the talent industry. The leadership expressed enthusiasm about leveraging Caldwell's expertise to enhance operational efficiencies and promote data-driven solutions. True aims to increase transparency and diversity in the global talent market through technology enhancements.

Twitter (NYSE: TWTR) has committed $100 million to the Finance Justice Fund, a new initiative aimed at providing $1 billion in capital to underserved communities across America. This fund, launched in partnership with Opportunity Finance Network (OFN), will offer below-market rate loans through community development financial institutions (CDFIs). The fund addresses issues like the racial wealth gap and persistent poverty. Twitter's contributions include a $1 million grant and ongoing support for financial literacy initiatives via Operation HOPE.

Twitter, Inc. (NYSE: TWTR) reported Q3 2020 results, showing a revenue increase of 14% year over year to $936 million, with advertising revenue rising 15% to $808 million. Daily active users grew to 187 million, a 29% increase from last year. However, net income declined to $29 million, a net margin of 3%, down from $37 million and 4% last year. Operating income rose to $56 million, with an operating margin of 6%. Twitter anticipates a challenging Q4 due to the US election but remains confident in its revenue improvements and audience growth.

WebMD and Twitter have partnered to create the first content collaboration between a health care platform and a social media channel. This partnership will deliver health-related video content and Twitter Moments directly to users' feeds, focusing on chronic conditions and health education. Launches will align with seasonal health awareness events such as Migraine Awareness Week and Breast Cancer Awareness Month. The initiative aims to enhance health conversations and offer new advertising opportunities within Twitter's platform, leveraging Twitter Amplify for premium content.

Bud Light has partnered with the NFL and Twitter to launch the innovative 'Bud Light Showtime Cam' for the 2020 NFL season, enhancing fan engagement. This interactive camera allows players to celebrate moments with fans watching from home. The feature debuts on September 10, 2020, during the opening game between the Kansas City Chiefs and Houston Texans, and will be used throughout the season. Fans can participate by tagging their tweets with #ShowtimeCam and #BudLightSweepstakes for a chance to be featured.

Twitter, Inc. (NYSE: TWTR) reported Q2 2020 revenue of $683 million, a 19% decrease year-over-year, primarily due to reduced advertising demand amid the pandemic. mDAU grew to 186 million, marking a 34% year-over-year increase, the highest growth since reporting began. The operating loss was $124 million, with costs rising 5% to $807 million. Notably, a $1.1 billion deferred tax asset valuation allowance led to a net loss of $1.2 billion. The company plans to increase capital expenditures to support growth and infrastructure improvements.