Defining Twitter by more than the numbers

Twitter user growth

Twitter reported its financial results for the second quarter 2014 this week:

  • Q2 revenue of $312 million, up 124% year-over-year
  • Q2 net loss of $145 million and non-GAAP net income of $15 million
  • Q2 GAAP EPS of ($0.24) and non-GAAP EPS of $0.02
  • Q2 adjusted EBITDA of $54 million, representing an adjusted EBITDA margin of 17%

Depending on which media report or commentary you read, it’s either an unimpressive financial performance, or a strong performance to silence critics.

Either way, a common view in mainstream media reports is that the results exceeded financial analysts’ expectations.

One other significant element in the earnings announcement is growth in the number of users, as the Financial Times chart above shows – a consistent increase every quarter since mid 2010 to arrive at today’s number of 271 million average monthly active users, an increase of 24 per cent over the same period last year.

The combination of financial results that exceed expectations and continuing user growth are facts that the stock market and investors like. Indeed, the FT’s report includes a bottom-line statement:

[...] Shares rose to $51.25 in after-hours trading, the highest price since Twitter reported its first results as a public company in February, prompting the stock to plummet. The stock is almost double the price at which Twitter listed last year.

One other aspect I find interesting relates to what Twitter is, ie, how people now describe Twitter.

In media reports, you’ll see it described variously as a “micro-blogging service” – that moniker arose in the very early days of Twitter – or a “social-networking service,” both labels used in a BBC News report. It’s a “social network,” says the Telegraph. The FT calls it a “messaging platform” while The Wall Street Journal says it’s a “social media company.”

And Twitter? How does the company describe itself? From the ‘About’ paragraph in the earnings report:

Twitter (NYSE: TWTR) is a global platform for public self-expression and conversation in real time. By developing a fundamentally new way for people to create, distribute and discover content, we have democratized content creation and distribution, enabling any voice to echo around the world instantly and unfiltered. The service can be accessed at Twitter.com, via the Twitter mobile application and via text message. Available in more than 35 languages, Twitter has 271 million monthly active users. For more information, visit discover.twitter.com or follow @twitter.

Compare that to the mission statement on the Twitter corporate page:

Our mission: To give everyone the power to create and share ideas and information instantly, without barriers.

And note the latest user metrics on that page:

  • 271 million monthly active users
  • 500 million Tweets are sent per day
  • 78 percent of Twitter active users are on mobile
  • 77 percent of accounts are outside the U.S.
  • Twitter supports 35+ languages
  • Vine: More than 40 million users

Clear?

Factory Media talks Programmatic and Native Advertising

HTC One Skatepark

Guest author Chris Talintyre is Head of Audience Development & Activation at Factory Media and talks about the power of understanding huge audiences in real-time and the opportunities it’s bringing to leading brands targeting sports enthusiasts.

As consumers increasingly share content, it’s creating a huge amount of data to analyse giving us insight on not just our readers (think boarders, skaters, surfers, BMXers) but their friends, colleagues and contacts. We can better understand and connect with them through really engaging content, such as the recent work we did with HTC One and the creation of a free world-class skate park at Selfridges.

Given the prestige of the brands we work with, the services we offer must be as cutting-edge as possible. Programmatic platforms are growing rapidly and now account for 28% of the UK display ad market due to their engagement and target abilities. This is what encouraged us to further engage fans and stay ahead of the competition. To do that, we partnered with RadiumOne, experts in programmatic advertising, and created an ‘audience insight’ tool.

Based on RadiumOne technology, it helps us to understand our 22 million strong audience, while giving us extended insight on the global reach of our connected audience – a huge 250 million people – which is pretty informative! We partnered with RadiumOne as we were impressed with the level of sophistication and in-depth insight it could give us on our audience. Our clients come from a diverse range of sectors, and want to be aligned to an active ‘outdoorsy’ audience. Bringing clients into markets they may not naturally integrate into, is a valuable offering for us.

Working with RadiumOne we’ve been able to aggregate at scale, in real-time, sharing activity to build a map of interaction (by using their sharing widget and link shortener). We can track all sharing touch points not just for interactions but more general interactions across the web, for instance, what a user shares more broadly with their friends and contacts. This is in very granular detail and can be right down to the last item bought.

This is where native and programmatic cleverly works in tandem. By packaging up content on behalf of one of our sponsors, into an ad unit (such as a competition or social feed) we can create an engaging experience for the reader. The reach of this content can go much further by also sending it to our readers’ connected audience. We do this based on the preferences made and websites visited by them, so we can serve them with different forms of advertising. It’s engagement in context.

Ultimately, this host of technologies help magnify campaigns to reach more people. Our campaigns are visual, and the audience is vast so we need to tap into every degree of interest through this repertoire of technology. We saw the market opportunity for native and programmatic – now we’re offering an increasingly attractive proposition to leading brands. It was a no brainer for us and we haven’t looked back. We’re excited about winning new business and embracing the other opportunities it will afford us.

HTC One Skatepark Trade Media Video – hires a Skateboarding video by Factory Media

Factory Media is Europe’s largest specialist sports media owner. We focus on bike, board and outdoor sports and work with some of the most recognisable brands in the world such as Nike, British Airways, Jeep and O2.

Chris TalyntireChris Talintyre is a media marketing specialist with over 15 years industry experience. With skills ranging from digital marketing, video, direct marketing, subscriptions, through to social media. Currently working within action sports, developing off and online assets to effectively monetise them and extending brand reach.

The meaning of 100 million Facebook likes

ShakiraColombian singer Shakira has set a new social media record after becoming the first person ever to reach 100 million likes on Facebook. The milestone has formally been recognized by Guinness World Records.

In its report, TheJournal.ie says that the only other page which has more likes than hers is Facebook’s own Facebook page. And 100 million likes has a sharp perspective when you consider it from a metrics point of view as The Wall Street Journal does:

[...] That’s 8% of Facebook’s universe of 1.28 billion monthly active users around the world.

The Journal also notes in its credible report that along with her Facebook fame comes spam, fakes and other headaches, undoubtedly needing an army of overseers to run the Shakira brand on Facebook (and elsewhere on the social web).

And Shakira herself – what does she think of this pinnacle of fan love? Guinness World Records reports her saying in a video message:

“I am honoured and humbled about reaching this milestone, because it’s one that’s purely about connecting with my fans from all parts of the globe. Social media and specifically Facebook has helped myself and other artists bridge the gap between the stage and the audience.  We’ve been able to create a conversation, where both artists and fans can share with one another their thoughts, achievements, the most important moments of their lives in photographs and videos, and have a real, ongoing dialogue.”

And Facebook?

Justin Osofsky, Facebook’s VP of Global Operations and Media Partnerships, said: “The combination of Shakira’s global appeal, her authentic engagement with fans and her use of Facebook as a multi-media platform has positioned her to achieve the incredible milestone of 100M fans.”

Creating a conversation, authentic engagement and a platform where those things happen. A powerful combination.

Take a look at Shakira’s Facebook page (that now shows well beyond 100 million likes).

Be recognized for UK social media excellence in #somecomms 2014

2013 winners

It’s only three months until the winners of the 2014 UK Social Media Communications Awards competition will be announced, and the deadline for entries is now upon us – Friday July 18 is the final day of the extended entry period.

Over the next few months, the panel of judges – I’m thrilled to be one again this year – will be pre-scoring, evaluating and short listing that lead up to deciding who the winners are.

Everything culminates in a really great awards event at the Emirates Stadium in London on October 23 (here are pics from last year: and crazy fun!).

Now in their fifth year, the UK Social Media Communications Awards celebrate the very best in UK social media communications, and recognize and reward the individuals, companies and organizations who are using online platforms to communicate in fresh and innovative ways.

If you haven’t yet entered, you’ve still got 24 hours!

2014 UK Social Media Communications Awards

The art of the business tweet

Wednesday

A question I used to hear a lot from people in business is “How do I tweet?” Today, that question has evolved into “How do I tweet effectively for my business?”

The response is quite a bit deeper than answering the question purely in terms of writing out a text in 140 characters or less and hitting ‘tweet.’ Participating on Twitter is as much about listening to what people are saying as it it about adding your tweet to the conversation. Twitter itself has some great how-tos and tutorials.

It’s also about what to say and when to say it, two topics that are the focus of a neat video that Twitter has just published. Simple in its concept and execution, this video is one of the best I’ve seen that will give you a good and clear sense of some simple steps you can follow that will give you confidence in using Twitter effectively in your business communication.

The video will help you understand these five key points:

  1. Make a plan: what’s your goal and how will you measure its success?
  2. Be clear on who your primary audience is: in this case, your customers.
  3. Create a calendar: decide what you’ll tweet on which day.
  4. Think about what you’ll tweet: is the content relevant to your audience?
  5. When people in your community respond or ask questions, make sure you reply.

And the best advice of all:

How you tweet and how you respond to your followers matter as much as face-to-face interaction. So be friendly, be helpful and be yourself.

Using Twitter effectively in business may not be a science. But it is an art.

Would you be happier without Facebook?

99 Days of Freedom

If you were not happy – outraged, even – with how Facebook behaved over the mood experiment they conducted last month, an experiment from a Dutch creative agency might be right up your street.

What Facebook did was manipulate information posted on nearly 700,000 users’ home pages that showed that the social network could make people feel more positive or negative through a process of emotional contagion.

Now Dutch creative agency Just has come up with 99 Days of Freedom, a call to action for Facebook users to demonstrate their disapproval of Facebook by switching off from the social network for 99 days.

[...It] asks users to refrain from Facebook use for a period of 99 consecutive days and report back on how the hiatus affects personal notions of happiness. The initiative’s website, 99daysoffreedom.com, provides a set of simple user instructions, which include posting a “time-off” image as a profile picture and starting a personalized, 99-day countdown clock. From there, participants are asked to complete anonymous “happiness surveys” at the 33, 66 and 99-day marks, with results posted to the initiative’s website as they’re compiled. The initiative will also host a message board through which participants can post anonymous accounts of how an extended break from Facebook is impacting their lives.

It’s a kind of mood experiment in reverse.

It’s also a cool initiative that gets Just a lot of attention for its imagination and creativity, as well as for the initiative itself. If it gets traction, it could focus considerable public attention on broad issues of online behaviours, manipulation of those behaviours by social networks, what companies do with our personal information, how we spend time online, etc – all hot topics today and great ones for ongoing public debate and discussion.

In its press release announcing 99 Days of Freedom, Just also talks about the amount of time people spend on Facebook:

[...] According to Facebook, its 1.2 billion users spend an average of 17 minutes per day on the site, reading updates, following links or browsing photos. Over a three-month period, that adds up to more than 28 hours which, the initiative’s creators contend, could be devoted to more emotionally fulfilling activities – learning a new skill, performing volunteer work or spending time (offline) with friends and family.

The subjective conclusion will appeal to many users, to be sure. My view is that many other users will be quite comfortable from an emotionally-fulfilling perspective – or any other one – with spending 28 hours on Facebook during any three-month period.

You could apply the same argument to Twitter, Google+, LinkedIn… Horses for courses.

Still, 99 Days of Freedom is an interesting experiment and it will be equally interesting to see how it goes, how many people sign up to do it – 16,748 when I looked at the website just now – and what conclusions arise at the end of each person’s 99 days. I’d love to see a brand try it!

Give it a go?

Enjoy life!