Is Twitter’s Advertising Business Still Growing?
Twitter’s (TWTR) advertising business only returned to growth in the past three quarters after several consecutive quarters of decline. The company’s advertising revenue rose 23% YoY (year-over-year) in the second quarter, 21% YoY in the first quarter, and 1.0% YoY in the fourth quarter of 2017. It had been falling for at least the last four consecutive quarters.