Twitter, Microsoft, Chipotle
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 23 July 2020
⏱️ 20 minutes
🧾️ Download transcript
Summary
Twitter shares pop as one key metric in their 2nd-quarter report surprises Wall Street. Microsoft’s cloud business grows “only” 47% in the 4th quarter. Chipotle’s digital sales skyrocket in the 2nd quarter, but overall comps fall nearly 10%. Ryan Henderson and Ian Gray analyze those stories and share two companies on their radar: Procore, a construction management software business that’s filed to go public later this year, and Blackline (Nasdaq: BL), an accounting SasS platform.
Transcript
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| 0:00.0 | It's Thursday, July 23rd. Welcome to Market Foolery. I'm Chris Hill with me today. |
| 0:07.0 | Ian Gray and Ryan Henderson. |
| 0:09.0 | Guys, thanks for being here. |
| 0:10.0 | Thank you. |
| 0:11.0 | Yeah, great to be here, Chris. |
| 0:13.4 | We got earning season heating up. |
| 0:15.0 | We have the latest from Chipotle and Microsoft, but we're going to start with Twitter. |
| 0:21.0 | Yes, they lost money in the second quarter. |
| 0:23.0 | Revenue was lower than expected, but stick with me here on this metric. |
| 0:28.0 | Monotizable daily active users up 34% and that is what is boosting Twitter's stock today and Ryan let's face |
| 0:38.7 | it Twitter needed a win after that hack last week and they got it. Yeah they really did you hit it on the |
| 0:46.5 | head there they missed expectations on both the top and bottom line and yet the stock was up 5%. And that's because at the end of the day it's a media |
| 0:58.3 | platform and people really care about demand aggregation and that's what they got. |
| 1:03.0 | Average monetizable daily active users jump 34% like you said to 186 million. |
| 1:10.0 | I think some of that was attributable to the COVID environment and maybe people looking for news. |
| 1:16.0 | I know a lot of people get their news through Twitter. |
| 1:19.0 | But yeah, revenue is down 19%. |
| 1:22.6 | That was reflecting a decrease in advertising demand, |
| 1:25.8 | operating loss of 124 million. |
| 1:28.8 | I'm curious, if there's, if maybe this decrease in ad demand is more of a microcosm for the whole ad |
| 1:38.4 | text space I think this might be an indicator for some of the future earnings that |
| 1:42.1 | we're going to see. |
... |
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