Twitter reports Q3 adjusted EPS 21c, consensus 14c
Reports Q3 revenue $758M, consensus $702.57M. Excluding $7 million of TellApart revenue in Q3 of 2017, total revenue increased 30%. Total US revenue was $423 million, an increase of 28%. Total international revenue was $335 million, an increase of 30%. We saw broad-based revenue growth across all regions. Japan remains our second largest market, growing 44% and contributing $130 million in Q3. Total advertising revenue was $650 million, an increase of 29%. Owned and operated advertising revenue was $617 million, an increase of 36%. Non-O&O advertising revenue was $33 million, a decrease of 31%. Excluding $7 million of TellApart revenue in Q3 of 2017, non-O&O advertising revenue decreased approximately $7 million or 18%. Twitter Audience Platform, which represents the vast majority of our off-network business, tends to have more variable quarterly revenue.