Amazon and Twitter to report earnings shortly after 9pm (UK time)
The multinational tech giant and the popular social media platform will release earnings tonight. Keep an eye on these stocks to see how the market reacts.
Twitter earnings – What to expect
Advertising services account for close to 90% of Twitter’s revenue, which saw a dip in 1H 2020 as businesses cut back on marketing spend in times of Covid-19. However, investors may note that on the back of improving economic conditions, advertising revenue had bounced back strongly in the later part of the year to the point of surpassing pre-Covid levels. This momentum may potentially continue into 2021, as global advertising spend are projected to increase further with improved business sentiments from ongoing vaccination and economic recovery.