Twitter is set to report earnings before the bell as the pandemic is expected to hit ad revenue
Twitter pulled its guidance for the quarter at the end of March, blaming the coronavirus for a slowdown in advertising revenue that made it hard to pin down its results.
Prior to the pandemic, Jack Dorsey's role as CEO was challenged by activist investment firm Elliott Management, but a deal struck at the end of March left him in place. Jack Dorsey, co-founder and chief executive officer of Twitter Inc., listens during a Senate Intelligence Committee hearing in Washington, D.C., U.S., on Wednesday, Sept. 5, 2018.is set to report first-quarter 2020 earnings before the bell on Thursday.
The report is expected to give investors further insight into the state of the digital advertising industry as the coronavirus pandemic has decimated budgets at many companies. Twitter at the end of March, blaming the coronavirus for a slowdown in advertising revenue that made it hard to pin down its results.on revenue of $776 million, based on Refinitiv consensus estimates. Monetizable daily active users is expected to come in at 164 million, based on StreetAccount estimates.
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