Twitter signs Philippines ad deal for NBA livestream shows

National Basketball Association shows, the companies said on Thursday.

Globe will advertise on Twitter's livestream of "The Starters" and "The Warmups" to the telecom provider's digital audiences, they said in a statement. The shows, produced by Time Warner Inc's Turner Sports, will air only on Twitter throughout the basketball league's season from late October through June.

Financial details were not disclosed.

The Philippines is one of the NBA's biggest international markets, especially online. The league recently opened its fourth NBA Store in the island province of Cebu.

Basketball content will be created specifically for Twitter and Globe ads will run on highlight clips aired on the social media platform in the region.

Twitter has made livestreaming video integral to its future as user and revenue growth from other forms of advertising has flattened. The company has signed numerous deals with U.S. college and professional sports leagues, most notably the National Football League, and partnered with media companies on the U.S. presidential debates and election night coverage.

However, many analysts believe Twitter's best chance to increase its ad revenue growth could lie overseas.

In its third-quarter earnings report, Twitter said overall ad revenue grew by just 6 percent year-over-year, mainly driven by 21 percent growth in international markets. Its U.S.-based ad revenue was down 2 percent.

A report issued by eMarketer on Wednesday found that more U.S. advertisers are planning to use Facebook Inc's Instagram than Twitter for the first time.

Shares of Twitter fell 2.3 percent to $18.07 on the New York Stock Exchange early Thursday afternoon.

Ninety percent of male Twitter users in the Philippines are interested in basketball, with 76 percent of them actively following and watching the NBA, Maya Hari, Twitter's managing director for Southeast Asia and India, said in the statement.

In May, NBA Commissioner Adam Silver said that more than half of the viewers on the association's YouTube channel was outside the United States, led by the Philippines.