Trump tweets don't help: 1st Twitter revenue drop since IPO

Author

27 April, 2017

On Wednesday, Twitter said the number of monthly active users rose 6 percent during the first quarter year-over-year, compared to the 319 million users from the last quarter of 2016.

Despite the company's quarterly revenue loss, Twitter saw its shares rise almost 9 percent to $15.94 in early pre-market trading on the New York Stock Exchange on the strength of its earnings beat.

Twitter showed a healthy spurt of user activity in the first quarter - netting 9 million monthly users, its biggest gain in two years - and topped analyst expectations on revenue and earnings.

Noto said Twitter wants to air live video to users 24 hours a day, seven days a week via its desktop and app offerings.

Although it remains a long way from its early 2014 peak, Twitter's market value shot up 12 percent on the morning after delivering its results on Wednesday.

Monthly users were on the up, climbing six per cent on the same quarter past year and almost three per cent on the previous quarter to 328m.

"While we face revenue headwinds, we made progress focusing revenue products on our strengths", Dorsey said, adding that user growth will contribute to revenue and profit going forward.

Player ratings: Chelsea in control as they defeat Southampton
Whether or not Costa is still a Chelsea player next season is immaterial in respect of the current campaign. These are the most important things for us.


Uber to test flying cars in Dallas and Dubai by 2020
Moore worked for the agency for 30 years, with his work on electric aircraft garnering the attention of Google's Larry Page. Uber makes it clear that it was a promotional stunt - and that the so-called "Elevate Network" will be much different.


Federal judge temporarily blocks Arkansas from executing eight men in ten days
The state Supreme Court issued a stay for another of the inmates on Friday so that his mental health could be assessed. She also noted that the execution team did not have antidotes on hand in case there was trouble with any of the drugs.


Live streaming was also strong, with live video reaching 45 million unique users.

At the same time, the company warned that revenue could be weak over the next few quarters-in part because Twitter is winding down a number of advertising products that weren't performing.

"We're proud to report accelerating growth in daily active usage for the fourth consecutive quarter, up 14% year-over-year", said Jack Dorsey, Twitter's CEO. There's been numerous tactics to make people and tweets to follow easier to find.

Despite Twitter's beating revenue expectations, the revenue was a decline from the previous quarter and from the year-earlier period.

The problem: The people already on Twitter may well be using it more, but America's first true "Twitter President" hasn't inspired others to sign up for Twitter en masse. Analysts had been looking for earnings of 2 cents per share and $517 million in revenue.

Still, the company said it expects revenue growth to continue to "meaningfully lag audience growth in 2017".


More news


  • Student In Custody After Bringing Gun To Middle School

    Student In Custody After Bringing Gun To Middle School

    On their twitter page , the Mason County Sheriff's Department said they are continuing to search school buildings. Clifford O'Findlay Middle School in North Las Vegas was briefly placed on a lockdown while officers investigated.
    US FCC chairman to propose reversing 'net neutrality' rules

    US FCC chairman to propose reversing 'net neutrality' rules

    Blumenthal said jobs and economic progress - not just consumer convenience - is at stake if the FCC rules are changed. His full proposal is expected to be published online Thursday and be voted on by the FCC on May 18.

    'Happy Days' star Moran likely died from cancer

    Her body was found unresponsive by authorities in IN, with the coroner citing stage-four cancer as the cause of death. The statement goes on to say that no illegal drugs were found in the home about 20 miles northwest of Louisville.
  • US Navy fires warning flare at Iran vessel in Persian Gulf

    US Navy fires warning flare at Iran vessel in Persian Gulf

    Iran has been trying to make its presence notable in the Persian Gulf over the years especially along the Strait of Hormuz. This latest incident is among a growing list of Iranian provocations against U.S. forces, mostly maritime, in the region.
    Trump to mark 1st trip to NYC as president aboard the Intrepid

    Trump to mark 1st trip to NYC as president aboard the Intrepid

    The government on Tuesday announced humanitarian and stabilisation help for Iraq worth an extra $110 million over three years. This is published unedited from the PTI feed .

    New England Patriots unlikely to trade CB Malcolm Butler

    If Peterson can help the Saints chew up clock late in games, more power to him and the Saints organization. He has 11,747 career rushing yards with 97 touchdowns in 10 seasons - 16th on the NFL's all-time list.
  • Trump suggests he'll take 'sanctuary cities' case to Supreme Court

    Judge Orrick said that the language of the executive order made clear it sought to withhold funds beyond law enforcement. If he wants to take his case to the Supreme Court, he will have to through the 9th U.S.

    Trump requiring review of national monuments

    Gary Herbert (R) were in attendance at the ceremony in Interior Secretary Ryan Zinke's ornate, wood-paneled office. The Bears Ears area lies near where Texas-based EOG Resources Inc had been approved to drill.
    Moto X (2017) hands-on images leaked: Reveals design, specs and more

    Moto X (2017) hands-on images leaked: Reveals design, specs and more

    It is powered by the Snapdragon 430 chipset and offers 16 GB of storage, which can be expanded with an additional 128 GB. One real-life image suggests that the phone will sport a traditional Micros USB port at the bottom of the device.
  • Nasdaq Composite Tops 6000 for First Time

    Nasdaq Composite Tops 6000 for First Time

    The Dow Jones Industrial Average jumped 1.1 per cent to end the day at 20,996.43, while the S&P 500 rose 0.6 per cent to 2,388.58. The Nasdaq erased more than 30% in 10 weeks from a peak on March 10, 2000, and didn't close above 5000 again until March 2015.

    Saudis reinstate public sector perks after 7-month cutback

    Minister of Telecommunications and IT Mohammed Al-Suwaiyel has been replaced by Abdullah bin Amer Al-Sawaha. The Saudi stock index, last at 6,899 points, faces technical resistance at the April peak of 7,107 points.
    Number nabbed by RCMP at border rises

    Number nabbed by RCMP at border rises

    On April 14, nine people were caught between the North Portal and Northgate entry points trying to cross the border into Canada. The arrest was part of an investigation launched in December 2016, said Jason Evert of the Canadian Border Services Agency.