Twitter (NYSE 🙂 Q1 results of $1.2 Billion were worse than expected, up 16% YoY compared with analyst estimates of $1.23 Billion.

Social media giant Twitter generated $1.11billion in advertising revenues, an increase 23% YoY. It was also higher than the $1.12billion expected. Twitter reported an adjusted EPS of 90c, up from 16c in the year-ago quarter, which may not compare to the consensus estimates of 3.0c.

In the quarter’s first quarter, the average number of monetizable daily active user (mDAUs), topped analyst estimates at 226.4 million. Twitter reported that the Q1 U.S. average monetizable daily active users (mDAUs) was 39.6 millions, an increase of 6.4% YoY. In the same period, average international MDAUs reached 189.4million. That’s an increase of 18%.

TWTR’s Q1 subscription and revenue was $94 million compared with $134 millions in the previous year. A pretax profit of $970million was included into the Q1 net revenue of $513,000,000

Following an agreement for Elon Musk’s $44 billion sale, the company pulled all previously set targets and guidelines.

By Senad Karaahmetovic