Twitter tops sales estimates as Asia’s eased coronavirus rules soften impact of pandemic [Toronto Globe and Mail (Ontario, Canada)]
Twitter, Inc. (TWTR)
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Source: Toronto Globe and Mail
Twitter tops sales estimates as Asia’s eased coronavirus rules soften impact of pandemic Twitter reported quarterly results on Thursday. Dado Ruvic/Reuters Twitter reported quarterly results on Thursday. Twitter Inc on Thursday said its ads sales slightly rebounded in Asia after a plunge due to the coronavirus outbreak and it had accelerated work on tools to attract advertisers, becoming the latest tech company to report a lighter blow from the pandemic than forecast. Twitter shares jumped 11 per cent in premarket trading. The San Francisco-based social media company announced greater first-quarter revenue and a smaller loss than financial analysts had expected. Daily users who can view ads grew 24 per cent to 166 million, about 2 million above estimates, as people looked to Twitter for information related to the virus. Twitter provided neither its usual guidance on sales for the current quarter nor any comment on whether U.S. ad sales had bounced back as well. It did warn of small
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