Twitter is expected to report its first ever decline in year-on-year revenue this week. The company said it expects the number of monthly active users (MAUs) on Facebook will fall by more than half from last year, while MAUs for mobile devices are forecast to grow at a slower 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.
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.