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