Twitter revenues decline for first time as advertising falls away - News Summed Up

Twitter revenues decline for first time as advertising falls away


But he conceded that the company, which has never made a profit, was still battling “revenue headwinds”. It is the company’s first fall in year-on-year quarterly revenue since it floated on the stock market in 2013. Advertising revenue for the three-month period fell 11% to at $474m, but the drop was softer than the $443m that analysts had predicted. Twitter loses ad revenue despite gaining 2 million users and Trump 'boost' Read moreMichael Pachter, an analyst at Wedbush Securities, said: “Trump drives a lot of awareness about Twitter among people who otherwise wouldn’t be paying attention. The company said the content had reached 45 million users, a 31% increase on the previous quarter, which was the first full quarter with livestreaming.


Source: The Guardian April 26, 2017 12:47 UTC



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