Despite all eyes on the slighlty better than expected MAUs (310m vs 308m exp.), Twitter is being clubbed like a baby seal after-hours as it has slashed Q2 revenue:
- *TWITTER SEES 2Q REV. $590M TO $610M, EST. $677.1M
Most crucially, Twitter explains, “Revenue came in at the low end of our guidance range because brand marketers did not increase spend as quickly as expected in the first quarter.” Which also does not exactly bode well for the overall ad spend market.
Some other key points from the CEO: