Twitter is expected to report its first ever decline in year-on-year revenue this week. Analysts forecasted profits of one cent per share on revenue of $512m for Q1, a just 1% drop on the $595m earned during the same period last year. The social media giant has reported year-on-year growth for every quarter since its 2013 initial public offering, but that growth shrank to 14% in Q4 last year.
Twitter is expected to report its first ever decline in year-on-year revenue this week. Analysts forecasted profits of one cent per share on revenue of $512m for Q1, a 14% drop on the $595m earned during the same period last year. The social media giant has reported year-on-year growth for every quarter since its 2013 initial public offering, but that growth shrank to just 1% in Q4 last year.