Earnings season’ here! Here’s how some of your favorite companies performed:
: Reported revenue of $909 million in Q4 2018 (advertising revenue was $791 million) while boasting 321 million monthly active users on its platform, and 126 million “monetizable” daily active users. Total revenue for 2018 exceeded $3 billion (an increase of 25% from 2017) which also marked Twitter’s first full year of profitability.
: Reported revenue of $390 million in Q4 2018, while ending the year with 186 million daily active users. Over 70% of Snapchat users played with a Lens every day, with New Year’s Eve generating Lens views of 700 million alone. Although still not a profitable company, Snap reported that its millions of people watched its publisher stories and original content such as ESPN’s Sports Center and “Dead Girls Detective Agency,” providing the company more advertising opportunities.
: Reported revenue of $4.9 billion while it opened 137 new restaurants. “Chipotle’s stock had its best year since 2013 last year, with shares soaring nearly 50%” thanks to new CEO who joined from Taco Bell and has some creative marketing chops and is pushing the food company to go more digital. In 2018, digital orders accounted for $539 million in revenue or 10.9% of total sales. Chipotle plans to open up about 140 new restaurants in 2019 and introduce a loyalty program to consumers.
: The company that owns 80% of the dating apps you use, including Tinder, Hinge, OkCupid, etc., swiped right to very strong earnings on the shoulders of Tinder. Tinder generated $805 million and boasts 4.3 million subscribers in 2018, and average revenue per user increased by 23% primarily due to Tinder Gold. Tinder looks to expand to more US colleges and the Asia markets. More swipes coming soon.
: Reported that its premium subscribers reached 96 million, up 36% from 2017. Its total Q4 revenue was about 1.5 billion euros, up 30% from Q4 of 2017. Spotify also announced the acquisition of podcast companies, Gimlet Media and Anchor.
: While you were camping out for Yeezy’s, Skechers business has been booming. It reported a new annual sales record of $4.64 billion in 2018, fueled by international sales that accounted for almost 55% of sales.