NEW YORK (TheStreet) -Twitter's (TWTR) smallest source of revenue, the social network's data licensing arm, may be an important piece of the company's earnings that investors should pay attention to as the burgeoning communications powerhouse matures.
As it currently stands, Twitter's data licensing revenue is expected to come in at between $13-to-$15 million in the fourth-quarter, according to a range of estimates provided by analysts. That represents minimal year-over-year growth, and is about the only thing that may be fairly predictable in Twitter's first quarterly earnings report as a public company.
Analysts forecast that the company will generate about $218 million in fourth quarter revenue, and a negligible adjusted profit or loss for the quarter.
Other issues such as Twitter's valuation, the trends of its user and revenue growth, and whether or not the company can beat Wall Street consensus appear far harder to gauge.
But it doesn't appear that Twitter has been making much progress with its data licensing even as more and more data crosses the network. Single digit or mid-teens licensing revenue growth would mark far slower growth than Twitter's advertising platform, its biggest source of earnings.