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.
Snap Inc. (NYSE: SNAP) reported second quarter 2021 earnings results today. Revenues increased 116% year-over-year to $982 million. Net loss amounted to $151.6 million, or $0.10 per share, compared to
Microblogging platform Twitter, Inc. (NYSE: TWTR) Thursday reported a profit for the second quarter of fiscal 2021, compared to a loss last year. Both earnings and revenue came in above
Intel Corporation (NASDAQ: INTC) Thursday reported financial results for the second quarter of 2021. The revenue was reported at $19.6 billion compared to $19.7 billion in the previous year's second