• Contact Us
  • Login
Upgrade
Tech News Hero
Advertisement
  • Home
  • News
  • Gadgets
  • Social
  • Gaming
  • Mobile
  • PC
  • Internet
  • Security
  • Apps
No Result
View All Result
  • Home
  • News
  • Gadgets
  • Social
  • Gaming
  • Mobile
  • PC
  • Internet
  • Security
  • Apps
No Result
View All Result
Tech News Hero
No Result
View All Result
Home Social

Twitter Says Finances Impacted by ‘Bugs’ That Hit Advertising Revenue

by technewshero
October 24, 2019
in Social
0
Share on FacebookShare on Twitter

Twitter shares skidded Thursday after reporting weak growth in the past quarter resulting from glitches that made it harder to bring in advertising revenue.

Profit for the third quarter was $37 million (roughly Rs. 260 crores), a sharp drop from last year when Twitter was helped by a large tax benefit.

Revenue rose nine percent from a year earlier to $824 million (roughly Rs. 5,800 crores), well below analyst forecasts, impacted by what the company called “revenue product issues.”

Shares in Twitter slid as much as 20 percent in pre-market trade on the disappointing results.

Twitter said revenue was hit by “bugs” which made it harder to deliver targeted advertising.

“In Q3, we discovered, and took steps to remediate, bugs that primarily affected our legacy Mobile Application Promotion product, impacting our ability to target ads and share data with measurement and ad partners,” Twitter’s investor relations team said.

Analyst Jasmine Enberg of eMarketer said the cooler growth suggests more challenges ahead for Twitter.

“The miss (on revenue) wasn’t just because of tough comparisons, which were expected to dampen their revenue growth, but issues with their ad product. That could impact their performance in the all-important Q4,” Enberg said.

Twitter boosted the number of “monetisable” daily active users, the new measurement used by the platform, by six million from the past quarter to 145 million.

The results highlight challenges for Twitter, which has struggled to keep pace with rival social platforms as it seeks to remove abusive content and manipulation efforts.

“We’re continuing to improve relevance while testing ways to make it easier for people to find what they are looking for on Twitter,” said Jack Dorsey, Twitter’s chief executive.

“We also continue to make progress on health, improving our ability to proactively identify and remove abusive content, with more than 50 percent of the Tweets removed for abusive content in Q3 taken down without a bystander or first person report.”

Previous Post

Apple’s macOS Catalina: LibreOffice users still get ‘scary’ malware messages

Next Post

Looking to become the central hub for logistics management, Shipwell raises $35 million – TechNewHero

technewshero

technewshero

Related Posts

Are WhatsApp and Jio Cooling Off on Payments Partnership?
Social

Are WhatsApp and Jio Cooling Off on Payments Partnership?

by technewshero
January 13, 2021
TikTok US Ban: Trump Administration Appeals Federal Order Blocking App Restrictions
Social

TikTok US Ban: Trump Administration Appeals Federal Order Blocking App Restrictions

by technewshero
January 14, 2021
From Zoom to Quibi: Tech Winners and Losers of 2020
Social

From Zoom to Quibi: Tech Winners and Losers of 2020

by technewshero
January 15, 2021
Walmart Partners With TikTok to Sell Merchandise While Livestreaming
Social

Walmart Partners With TikTok to Sell Merchandise While Livestreaming

by technewshero
December 21, 2020
Twitter to Finish Delayed Fleets Rollout by November 20, Product Lead Kayvon Beykpour Says
Social

Twitter Verification Policy Revamped, Will Be Implemented on January 20 Next Year

by technewshero
December 21, 2020
Next Post

Looking to become the central hub for logistics management, Shipwell raises $35 million – TechNewHero

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Most Popular

Maingear Turbo gaming PC review: A steel and glass minitower of power

Maingear Turbo gaming PC review: A steel and glass minitower of power

January 13, 2021

Senator unveils bill to stop the US from sharing intel with countries using Huawei 5G

January 10, 2020
OpenCV AI Kit aims to do for computer vision what Raspberry Pi did for hobbyist hardware – TechNewHero

OpenCV AI Kit aims to do for computer vision what Raspberry Pi did for hobbyist hardware – TechNewHero

December 14, 2020

Browse by Category

  • Apps
  • Gadgets
  • Gaming
  • Internet
  • Mobile
  • News
  • PC & Laptops
  • Security
  • Social
Tech News Hero

© 2020 Tech News Hero.

No Result
View All Result
  • Home
  • Landing Page
  • Buy JNews
  • Support Forum
  • Contact Us

© 2020 Tech News Hero.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?