One More on the Quarterly Results Front: Twitter

Mike Isaac, reporting for the NYT:

On Tuesday, Twitter’s ailing position among its peers was underscored once more when the company reported its worst quarterly revenue growth ever and only a slight increase in users for the second quarter. The company also signaled that its prospects were unlikely to improve in the short term.

Twitter posted revenue of $602 million for the quarter, up 20 percent from a year ago and below Wall Street estimates of $607 million. Its net loss narrowed to $107 million, or 15 cents a share. Twitter’s users grew 3 percent from a year ago, to 313 million.

Twitter’s advertising strategy has never made sense to me. My gut feeling is that Twitter is not long for this world as an independent company.

Thursday, 28 July 2016