• Safi Bello

Wall Street thinks Twitter’s business is shrinking

Recode -------- Wall Street thinks Twitter’s business is shrinking, and expects the company to report its first-ever year-over-year revenue decline when it releases earnings on Wednesday. Analysts project that Twitter will bring in profits of one cent per share on revenue of $512 million for Q1. That’s about 14 percent less than the $595 million the company generated in revenue during the same quarter last year. Twitter has reported year-over-year revenue growth every quarter since going public in late 2013, though that growth was just 1 percent in Q4. Wall Street could be wrong, of course, but a shrinking business is bad news for Twitter, which already has user growth issues. (The issue being, the growth doesn’t exist.) If the company isn’t adding new users, that means it also isn’t growing its ad inventory, which is the easiest way to bring in more revenue. To learn more click on the picture below to read the article.

Wall Street thinks Twitter’s business is shrinking - Read More from Recode

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