Twitter, Inc. (NYSE:TWTR) Q4 2016 Earnings Conference Call - Final Transcript

Feb 09, 2017 • 08:00 am ET


Twitter, Inc. (NYSE:TWTR) Q4 2016 Earnings Conference Call - Final Transcript


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Good day, ladies and gentlemen, and welcome to the Twitter Fourth Quarter 2016 Earnings Conference Call. [Operator Instructions]

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

Krista Bessinger

Good morning, everyone, and thanks for joining our Q4 earnings conference call. We have with us today our CEO, Jack Dorsey; and COO and CFO Anthony Noto. We hope you've had a chance to read our shareholder letter which was published on our Investor Relations website just a little while ago.

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 @TwitterIR using the hashtag TWTR.

We'd also like to remind everyone that we will be making forward-looking statements on this call such as our outlook for Q1 and the full year 2017 and our operational plans and strategies. Actual results could differ materially from those contemplated by our forward-looking statements, and reported results should not be considered as an indication of future performance. Please take a look at our filings with the SEC for a discussion of the factors that could cause our results to differ materially. The forward-looking statements on this call are based on information available to us as of today's date and we disclaim any obligation to update any forward-looking statements except as required by law.

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.

Jack Dorsey

Good morning, everyone, and thanks for joining us. I want to start our call today by looking back. 2016 was a transformative year for us. Transformations are difficult, and this one was especially challenging. We started 2016 by resetting and focusing on why people use Twitter. It's the fastest way to see what's happening and what everyone is talking about. We reset and refocused on our strengths, and we achieved one of the hardest things to do for a consumer services scale. We reversed and reaccelerated our usage.

We're thrilled to report that daily active usage accelerated for the third quarter in a row, and we see that strong growth continuing. We did this by making the experience a little better every single day. It may have felt like we weren't changing much this past year, but those hundreds of little changes added up to more predictable and sustained growth that we will now use as a foundation to be more