Yes, but the street cares about revenue because they care about profit. If you have high costs you can always just say you had a bad quarter but profit will come when costs come down.

Even if Twitter fired half its people and cut costs like crazy they'd still struggle to justify their current valuation. The street is angry at the reveune numbers since on this current trajectory there's not really a clear path for how the company can generate enough profit to justify its valuation... unless their revenue skyrockets, which is looking less and less likely evey quarter.