Twitter’s quarterly revenue topped $1 billion (€908,819) for the first time in the final three months of 2019, beating Wall Street’s estimates, as its audience jumped by more than a fifth. “Entering 2020, we are building on our momentum – learning faster, prioritising better, shipping more and hiring remarkable talent. All of which put us in a stronger position as we address the challenges and opportunities ahead,” Mr Dorsey said. Revenues for the first quarter of 2020 would be between $825-885 million, Twitter forecast, compared with analysts’ estimates that had previously been around $870 million. Twitter said it had shipped fixes to the third-party measurement problems and had “made progress” on developing a new mobile application promotion tool, both of which had caused issues in the previous quarter.

Source: The Irish Times February 06, 2020 13:16 UTC