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Twitter Shares Crash 17% After Users Drop, Company Warns More Declines Expected

By Tyler Durden | 27 July 2018

ZERO HEDGE — It’s deja vu all over again as Jack Dorsey pulled a Zuckerberg and reported a miss — and a drop — in user growth, while warning of even greater declines in the coming quarter.

Looking at the financial results, they were not that bad, with the company reporting Q2 adjusted EPS 17c, just beating the estimate of 16c, with Q2 adjusted Ebitda of $265 million also beating estimates of $261.5 million, on Q2 revenue of $711 million, higher than consensus $697 million, of which ad revenue was $601 million, up 23% y/y, however a slowdown in US ad growth is starting to become obvious, with US ad revenues rising only 9%. […]

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