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Twitter shares are skyrocketing after it says it might finally make money soon

Twitter shares are skyrocketing after it says it might finally make money soon
From TechCrunch - October 26, 2017

Its been quite a day for Twitter and the West Coast is barely past breakfast.

Besides a surprise earnings beat and the decision to ban Russian media firms RT and Sputnik from its advertising platform, the day is also notable for Twitters share price jumping 15 percent in early trading on news it could be profitable before the end of this year.

Twitter managed to slim its quarterly losses to just $21 million in Q3 2017 despite a shrink in revenue, and its predictions for the final quarter of the year are even more optimistic.

From its letter to shareholders [PDF]:

For Q4, we expect:
Adjusted EBITDA to be between $220 million and $240 million
Adjusted EBITDA margin to be between 35% and 36%
Capital expenditures to be no more than $110 million
Stock-based compensation expense to be in the range of $90 million to $100 million

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