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1、Q4andFiscalYear2017LettertoShareholdersFebruary8,2018@TwitterIR1Q4andFiscalYear2017EarningsHighlightsDailyActiveUsersMonthlyActiveUsersDAUgrew12%year-over-year,markingourfifthconsecutivequarterofdouble-digityear-over-yeargrowth.330MTotalmonthlyactiveusersY/YGrowthQ1’163%68MQ2’165%AverageUS
2、MAUsQ3’167%Q4’1611%262MQ1’1714%AverageInternationalMAUsQ2’1712%Q3’1714%RevenueQ4’1712%Q4revenuegrowthwasdrivenbycontinuedstrongengagementgrowth,improvedrevenuefeatures,LiveStreamingimprovedROI,andbetter1,140+60%salesexecution.Live-streamedeventsStreamedtoaglobalaudienceProfitabilityInQ4,we
3、achievedGAAPQ4New#LiveDealsprofitabilityforthefirsttimeanddeliveredourhighesteveradjustedEBITDAand229adjustedEBITDAmargins.NewpartnershipsInternationaldeals2DearShareholders,FY2017OverviewWelookforwardtodiscussingourfourthquarterandfiscalyear2017financialresultswithyouat5amPTtoday.Asareminder
4、,tohaveyourquestionsconsideredduringQ&A,Tweetto@TwitterIRusing#TWTR.Thankyouforyourinterestandwelookforwardtospeakingwithyousoon.Highlights•Q4wasastrongfinishtotheyearwithtotalrevenueincreasing2%year-over-year,andowned-and-operated(O&O)advertisingrevenueincreasing7%year-over-year,reflecting
5、better-than-expectedgrowthacrossallmajorproductsandgeographies.•WeachievedGAAPprofitabilityforthefirsttimeanddeliveredourhighesteverGAAPnetincome,adjustedEBITDA,andadjustedEBITDAmarginsinQ4.GAAPnetincomeinQ4reached$91millionwithadjustedEBITDAof$308million.GAAPnetmarginsinQ4reached12%andadju
6、stedEBITDAmarginsreached42%,achievingourlong-termtargetrangeof40-45%forthefirsttime.•Welaunchednewfeaturestohelppeoplediscoverandtalkaboutwhat'shappeningonTwitter,includingmakingiteasiertothreadTweetsandexpandingthecharacterlimitto280charactersformorepeoplearoundtheworld.Weachievedthefollo
7、wingresultsforfiscalyear2017andQ4:2017revenuetotaled$2.4billion,adecreaseof3%year-over-year.Excludingthefullyear$82millionyear-over-yearimpactfromthedeprecatedTellApartproduct,revenuewasapproximatelyflatyear-over-year.2017GAAPnetlossof$108million,netmarginof(4%)versus