Twitter struggles to boost monthly user growth, shares fall [FOX Business Network]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: FOX Business Network
Twitter failed to add users on a monthly basis in the second quarter, compared with the first quarter, amid fierce competition from Facebook Inc and Snap Inc's fast-growing messaging app Snapchat. Continue Reading Below Twitter's shares fell 5 percent in premarket trading on Thursday. The company's second-quarter net loss widened as it took a $55 million impairment charge and revenue fell 4.7 percent. Twitter has been trying to boost revenue through live-streaming deals, but suffered a setback in April when it lost a deal to live stream NFL games this year to Amazon.com Inc . More from FOXBusiness.com Twitter's average monthly active users was 328 million in the second quarter ended June 30. Analysts were expecting 328.8 million, according to financial data and analytics firm FactSet. Monthly active users is a key performance indicator for social networking services - typically calculated by taking the number of users who have logged in and log
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SNAP
Earnings
- 2/6/24 - Beat
SNAP
Sec Filings
- 4/18/24 - Form 4
- 4/18/24 - Form 10-Q
- 4/18/24 - Form 8-K
- SNAP's page on the SEC website