Wednesday, April 26, 2017

Twitter reports first ever revenue decline but beats low bar it set for Q1 earnings thanks to user growth | VentureBeat | Social | by Chris O'Brien

Also see Twitter shares spike 10% after it delivers a much-needed earnings beat (TechCrunch) and Twitter’s total revenue shrinks for the first time as ad revenue decline steepens (Marketing Land)

"Struggling Twitter today reported revenues of $548 million in the first quarter of 2017, a drop of 8 percent from the same period a year ago, marking the first such decline for the platform.

Still, that tops the $512.1 million consensus analyst estimate. The company also reported that Monthly Active Users increased 9 million quarter-over-quarter, reaching 328 million. That’s an increase of 6 percent, a slightly better clip than the 4 percent growth the company reported last quarter."
Twitter reports first ever revenue decline but beats low bar it set for Q1 earnings thanks to user growth | VentureBeat | Social | by Chris O'Brien
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