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Home News Business

Twitter’s Quarterly Earnings Report Shows Increased Usership

Twitter’s revenue clocked in at $1.2 billion compared to the expected $1.23 billion based on a survey of analysts at Refinitiv.

Aayat AlibyAayat Ali
April 28, 2022
in Business
Reading Time: 1 min read
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Twitter Quarterly Earnings Report Shows Increased Usership

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Twitter’s first quarterly earnings report of 2022 showed that its earnings and revenue came relatively close to predictions. 

According to the report, which may be its last as a public company after Elon Musk affirmed that he could take the social media platform private, Twitter’s revenue clocked in at $1.2 billion compared to the expected $1.23 billion based on a survey of analysts at Refinitiv. 

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Twitter also surpassed predictions for earnings per share at 4 cents adjusted compared to the anticipated 3 cents.  

StreetAccount predicted that the firm’s Monetizable Daily Active Users (mDAUs) would come to 226.9 billion, but Twitter reported 229 million, marking a 15.9% increase from the same time last year. 

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The company also corrected previous mDAU numbers from the first quarter of 2019 through the fourth quarter of 2021. Twitter claimed that it overcounted its mDAUs by around 1.4 million to 1.9 million per quarter due to a new feature that allowed users to switch between accounts. Because of this, the platform said linked accounts were counted as mDAUs. 

 

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Source: CNBC
Tags: BusinessMarketingTechnology
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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