Twitter: A loss of $ 1.2 billion

Falling advertising revenue due to the Corona pandemic to put on Twitter, even though the user numbers to rise sharply. In the second quarter, sales in the year

Twitter: A loss of $ 1.2 billion

Falling advertising revenue due to the Corona pandemic to put on Twitter, even though the user numbers to rise sharply. In the second quarter, sales in the year fell by 19 percent to 683 million dollars (590 million euros), as the reported short message service on Thursday in San Francisco. The reason was that advertisers were holding back in the crisis.

The advertising revenue – Twitter's by far the most important source of cash – plunged by 23 percent to 562 million dollars. The bottom line is, a loss of $ 1.2 billion, which was mainly due to a high negative tax effect. The operating profit was 124 million dollars in the red. In the previous year, there had been a profit of $ 76 million.

Updated Date: 23 July 2020, 20:19

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