OAKLAND, Calif. (Reuters) – Twitter Inc (TWTR.N) on Thursday reported higher first-quarter revenue and a smaller loss than analysts had expected amid the coronavirus pandemic, but its shares fell as investors fretted about potential weakness in the second quarter.
FILE PHOTO: A 3D-printed logo for Twitter is seen in this picture illustration made in Zenica, Bosnia and Herzegovina on January 26, 2016. REUTERS/Dado Ruvic
The San Francisco-based social media company said daily users who can view ads also grew 24% to 166 million, about 2 million above estimates, as people looked to Twitter for information related to the virus.
Twitter also said its ads sales had slightly rebounded in Asia after a plunge due to the coronavirus outbreak and it accelerated work on tools to attract advertisers, becoming the latest tech company to report a lighter blow from the pandemic than forecast.
The company did not provide specific guidance on the second quarter but on a conference call with…
Source Reuters Tech News
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