Twitter reports strong first-quarter results, despite expected downturn from coronavirus

Canada News News

Twitter reports strong first-quarter results, despite expected downturn from coronavirus
Canada Latest News,Canada Headlines
  • 📰 CNBC
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Twitter reported Q1 earnings that beat estimates, despite an expected hit to its ads business due to the coronavirus pandemic.

said in their earnings reports this week that they have seen signs of recovery in the first few weeks of April, Twitter did not mention anything similar in its shareholder letter.

To weather the pandemic, Twitter is shifting resources to focus on revenue products including its Mobile App Promotion product. It's also lowering hiring and non-labor expense plans while continuing to invest in engineering, product and trust and safety.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Facebook soars after reporting 'stability' in ad revenue after fall in MarchFacebook soars after reporting 'stability' in ad revenue after fall in March'We have an important role to play for both people who use the platform but as well as for businesses,' Facebook CFO David Wehner said when asked if the company is using this moment to convince the public that Facebook is an essential tool amid Covid-19.
Read more »

Facebook rises after reporting 'stability' in ad revenue after fall in MarchFacebook rises after reporting 'stability' in ad revenue after fall in MarchFacebook has seen an increase in user engagement as a result of the coronavirus, but it has also warned that the pandemic has adversely affected the company's advertising business.
Read more »

Pending home sales sink 21% in MarchPending home sales sink 21% in MarchPending home sales dropped 20.8% in March due to the coronavirus pandemic, new data from the National Association of Realtors shows
Read more »

Hong Kong home prices edge up in March, but analysts say pressure remainsHong Kong home prices edge up in March, but analysts say pressure remainsHong Kong private home prices reversed a fall in March to edge up 0.4%, as bargain-hunting drove transaction volumes to a four-month high, but analysts cautioned the improvements did not signal the market was bottoming out.
Read more »

Google parent reports strong first-quarter sales but says ads fell off in MarchGoogle parent reports strong first-quarter sales but says ads fell off in MarchAlphabet Chief Financial Officer Ruth Porat said the final month of the quarter was difficult.
Read more »

U.S. store visits jump to March levels as some states ease restrictionsU.S. store visits jump to March levels as some states ease restrictionsVisits to U.S. retail stores ticked up last week as some states began lifting restrictions imposed to fight the coronavirus pandemic, according to cellphone location information aggregated by data firm Unacast.
Read more »



Render Time: 2025-04-08 04:03:52