CAPEX.com
CAPEX.com

Article Hero

Twitter fell short on revenue but gained on userbase

1595601333.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Due to the pandemic, the number of Twitter users increased

The earnings season was mixed for Twitter.  

During the pandemic, the number of users increased by 20 million to 186 million in the last quarter, exceeding the 172 million expected.

However, revenue came below the expected $702 million at $683 million. The US generated $365 million, while the rest of the world brought $319 million. 

The revenue generated from ads dropped by 23% to $562 million, with a 15% decrease in the past three weeks.

The quarterly net loss came in at $1.23 billion.

Twitter announced it would release its Q3 results on October 29, after market close.

Today, after the report, its shares went up 4%. In the past quarter, the stock rose by 39%, while USA500 added 17%. 

Read more about Twitter on CAPEX.com!

Sources: marketwatch.com, markets.businessinsider.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.