Twitter's second-quarter net loss widened as it took a $55 million impairment charge related to an investment writedown and revenue fell 4.7 percent.
The company also reported a wider quarterly net loss and lower revenue, and said it did not expect its total revenue growth to pick up in the second half of the year. Y/Y Growth Monthly Active Users 328M Q1'16 3% Q2'16 5% Q3'16 7% Q4'16 11% Q1'17 14% Q2'17 12% Product contributions to Twitter's engagement and audience growth continued to increase in Q2. This compares with a quarterly GAAP net loss of $107 million, representing a GAAP net margin of (18%) and GAAP diluted EPS of ($0.15) in the same period previous year.
Back then, three months ago, that was 7 million more users than analysts had predicted, with Twitter executives partially attributing the spike to President Donald Trump's at-times controversial presence on the platform.
Twitter's latest round of financials isn't looking all that hot.
Swiss police issue worldwide arrest warrant for chainsaw attacker
Although Schaffhausen is near the German border, there is no evidence indicating the suspect has left Switzerland, RTS reported. They did not say what was inside the van, which had registration plates from Graubuenden, or elaborate on its condition.
CFO Anthony Noto told user the assembled on the call that "obviously our focus has been on daily active usage", because, as he put it, they are "the key driver of overall growth ... from an advertising standpoint".
The social media giant posted earnings per share of 8 cents, compared with a Wall Street consensus estimate of 5 cents, which excludes stock based compensation and other one-time items. Twitter is rapidly trying to roll out products that will help make the service better, like trying to curb harassment and making the service easier to use with algorithmic feeds.
While Twitter has struggled to grow next to Facebook, it does have its own niche.
Chief Financial Officer Anthony Noto said Twitter doesn't know why USA monthly active users slipped. Twitter's stock fell more than 9 percent to $17.75 in pre-market trading Thursday after the numbers came out. The company reported stronger-than-expected revenue of $574 million. This quarter, the very Twitter move of its users not growing and its advertising business stalling happened once again and shed more doubt on the company's future.