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2015-07-28

Square IPO, Twitter Q2 2015 Earnings Call LIVE July 28 (video)

Twitter UPDATE (July 29, 2015):
Twitter Inc
NYSE: TWTR - Jul 29 6:51 PM EDT
31.24Price decrease5.32 (14.55%)
After-hours: 31.17Price decrease0.07 (0.22%)


Square Is Going Public...But Why? - General Catalyst Partners' Prateek Alsi and Bloomberg's Leslie Picker discuss Square's planned IPO and what it means for CEO Jack Dorsey with Bloomberg's Emily Chang on "Bloomberg West" July 27, in the video above.

What's the connection between Square and Twitter? Jack Dorsey.

Twitter 2Q 2015 Earnings Conference Call
July 28, 2015 - 2:00 PM PT / 5:00 PM ET
Earnings Release Highlights: Average Monthly Active Users (MAUs) were 316 million for the second quarter, up 15% year-over-year, and compared to 308 million in the previous quarter. The vast majority of MAUs added in the 2 quarter on a sequential basis came from SMS Fast Followers. Excluding SMS Fast Followers, MAUs were 304 million for the second quarter, up 12% year-over-year, and compared to 302 million in the previous quarter. Mobile MAUs represented approximately 80% of total MAUs.
“Our Q2 results show good progress in monetization, but we are not satisfied with our growth in audience,” said Jack Dorsey, interim CEO of Twitter. “In order to realize Twitter’s full potential, we must improve in three key areas: ensure more disciplined execution, simplify our service to deliver Twitter's value faster, and better communicate that value.”
For additional information regarding the non-GAAP financial measures discussed in this release, please see "Non-GAAP Financial Measures" and "Reconciliation of GAAP to Non-GAAP Financial Measures" in the earnings release pdf.
Stock Chart of Twitter - NYSE: TWTR since its IPO
Stock Chart of Twitter - NYSE: TWTR since its IPO (source: google.com)
Twitter's IPO: November 7, 2013, the first day of trading on the NYSE, Twitter shares opened at $26.00 and closed at US$44.90,  $18.90 above the initial offering price, and Twitter ended with a market capitalization of $24.46 billion



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