By Minda Smiley

Twitter’s revenue increased 74 per cent to $436m in Q1, falling short of analyst expectations of $457m.

The company’s quarterly earnings report leaked early, with financial intelligence firm Selerity positing earnings, revenue, and user figures shortly after 3pm ET on 28 April.

Shortly afterwards Twitter released a press release confirming the numbers.

Revenue outlook for Q2 is projected to be in the range of $470m to $485m, also well below analyst projections of $538m.

Dick Costolo, chief executive of Twitter, said in a statement: “Revenue growth fell slightly short of our expectations due to lower-than-expected contribution from some of our newer direct response products.”

The Read full story ›

Source: The Drum