Twitter investors are braced for another gloomy quarter, with analysts expecting revenues at the beleaguered social network to decline for the first time ever.
Consensus on Wall Street is for revenue of around $512m (£399m) in the first quarter, a decline of 14 per cent on the same time last year.
Revenues grew just one per cent year-on-year in the previous quarter, the slowest quarterly growth since going public in 2013 and falling short of estimates which wiped more than $1bn from its value in February. It said there had been little effect from President Donald Trump's use of the platform and revenue from advertising was down slightly.
Shares in the firm have failed to recover since then, falling under the $15 per share mark since start of April.
Twitter is still attempting to turn around its business, which has been beset by a failure to innovate, issues around harassment, hate speech and fake news, and an inability to attract new users or advertisers in the lavish quantities experienced by Facebook.
It now also faces competition from a newly floated Snap, around which question marks also lie. Snap stock has slipped from the dizzy heights of its blockbuster IPO at the beginning of March. It's down 28 per cent on its post-float highs.
Though one analyst dismissed concerns.
“There is very unlikely to be any impact from Snap on Twitter’s results. This is because the propositions are completely different and the two companies do not really compete against each other," said Edison Investment Research's Richard Windsor.
Twitter will release first quarter earnings for the three months to the end of March on Wednesday before market open.