Twitter, Inc. (NYSE:TWTR) Q2 2016 Earnings Conference Call - Final Transcript

Jul 26, 2016 • 05:00 pm ET

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Twitter, Inc. (NYSE:TWTR) Q2 2016 Earnings Conference Call - Final Transcript

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Presentation
Operator
operator

Good day ladies and gentlemen and welcome to the Twitter Second Quarter 2016 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time.

I would now like to turn the conference call over to your host, Krista Bessinger, Senior Director, Investor Relations. Please go ahead.

Executive
Krista Bessinger

Great. Thank you. Hi everyone and thanks for joining our Q2 Earnings Conference Call. We have with us today our CEO, Jack Dorsey; COO, Adam Bain; and CFO, Anthony Noto. We hope you've had a chance to read our Shareholder Letter published on our Investor Relations website shortly after the market closed.

Like last quarter, we'll begin with just a few prepared remarks, before opening the call directly to your questions. During the Q&A, we'll take questions asked via Twitter, in addition to questions from conference call participants. Questions submitted via Twitter should be directed to at TwitterIR using the hash tag TWTR.

(Forward-looking Cautionary Statements)

Also, during this call we will discuss certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are included in our Shareholder Letter. These non-GAAP measures are not intended to be a substitute for our GAAP results. And finally, this call in its entirety is being webcast from our Investor Relations website. An audio replay of this call will also be available via Twitter and on our website in a few hours.

And with that, I would like to turn it over to Jack.

Executive
Jack Dorsey

Thanks, Krista. Hi everyone and thank you for joining us. We're going audio-only for today's earnings call, and we'll spend some time on Periscope after this call to take a few questions.

We continue to see steady growth in both audience and engagement. What makes our audience growth this quarter notable is we can see directly the link between the product changes we made and our growth. We're making the right decisions in our products, and it gives us a foundation for future growth. We're working every day to make Twitter faster, more intuitive and easier to use. You've already seen us take some big steps here, like the changes to the timeline and the announced changes to the character account and reply rules. And there is more changes like these on the way.

Continued growth also involves educating people about why to use Twitter, for the fastest way to see and share what's happening and comment on it. That drives everything on our service, especially news and social commentary. Seeing and sharing what's happening also includes live video. We have some exciting momentum here with Periscope, as well as with live-streaming video on Twitter. People can now watch an event like the Republican or Democratic National Conventions directly on Twitter and talk about it in the same experience.

We're partnering with the providers of the world's most popular live content to bring more and more of those events on to Twitter together with the conversation.