Categories AlphaGraphs, Earnings, Technology
Twitter (TWTR) slips to a loss in Q1 but beats estimates
The hiring ramp is slowed in light of the current environment, despite a plan to grow headcount by 20% or more in 2020
Microblogging platform Twitter Inc. (NYSE: TWTR) slipped to a loss in the first quarter of 2020 from a profit last year, due to the growing impact of COVID-19 on the global operating and economic environment and their effect on advertiser demand. The results exceeded analysts’ expectations.
Revenue rose by 3% reflecting a strong start to the quarter that was impacted by widespread economic disruption related to the COVID-19 in March. The company said the reduced expenses resulting from coronavirus disruption partially offset the revenue shortfall, which resulted in an operating loss.
The average monetizable DAU grew by 24% year-over-year, driven by typical seasonal strength, ongoing product improvements, and global conversation related to the COVID-19 pandemic. Given the unprecedented uncertainty and rapidly shifting market conditions of the current business environment, the company is not providing quarter revenue or operating income guidance for Q2.
Past Performance
Twitter Q4 2019 Earnings Results
TWTR Q3 2019 Earnings Performance
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
