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
SNAP Earnings: All you need to know about Snap’s Q2 2021 earnings results
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
TWTR Earnings: Twitter swings to profit in Q2 as revenues surge 74%; results beat
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
Earnings Infographic: Intel (INTC) Q2 2021 profit, revenue beat estimates
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
