• Twitter is worried on how the pandemic will weigh on advertisement budgets;
• Nasdaq reported that Q1 revenue may be down slightly on a YoY basis.

Twitter Inc. is expecting an operational loss in Q1 and quarterly revenue to be down slightly on a YoY basis due to COVID-19 pandemic impacts, according to Nasdaq. Although during this lockdown Twitter’s usage is up, uncertainty surrounds the social networking servicer of how the pandemic will weigh on ad budgets.

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When the company announced Q4 results last year, Twitter had expected operating income to be between breaking even and $30million and total revenue of up to $885 million for the Q1.

Ned Segal, Twitter’s Chief Financial Officer, said to Nasdaq that “Twitter had a strong start to the year before the effects of COVID-19 began spreading more broadly, it has impacted Twitter’s advertising revenue globally more significantly in the last few weeks”.