Twitter Q1 2016 Revenue Falls Short of Analysts’ Projections

by David Cohen
Twitter reported revenue of $595 million in the first quarter of 2016, up 36 percent compared with the year-earlier period, but below analysts’ expectations. Ad revenue of $531 million was up 37 percent year-over-year, and mobile accounted for 88 percent of total ad revenue. Twitter reported a GAAP (generally accepted accounting principles) net loss of $80 million, or 12 cent ...Read the full article