Forum Moderators: not2easy & rumbas

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Twitter Q3 Beats Expectations: Revenue $616 million, Cuts Jobs by 9pct

         

engine

3:11 pm on Oct 27, 2016 (gmt 0)

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It seems twitter's Q3 performance was better than expected, at $616 million in revenue, with its monthly active users ahead of expectations, too, at 317 million. The downside is that the reported job cuts are going to be 9% of staff.

For a company that was hoping to be acquired, its shares rose on the news of the better than expected performance. That acquisition plan is likely to be far fetched, but never say never.

Here's the official PDF [files.shareholder.com...]

Rumbas

8:23 am on Nov 2, 2016 (gmt 0)

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Good to see it going forward after some rough years in terms on revenue. Should be interesting to see if they manage to stay "single".