Twitter’s first-quarter revenue of $1.2 billion missed market expectations

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Pinwan, April 28, Twitter’s revenue in the first quarter of 2022 was $1.2 billion, compared with $1.036 billion in the same period last year, and the market expected $1.225 billion; net profit was $513 million, compared with $68 million in the same period last year, and the market expected a loss of $169 million. .

According to the financial report, Twitter’s advertising revenue in the first quarter was $1.11 billion, compared with an estimated $1.12 billion. Capital expenditures in the first quarter were $163.2 million, compared with an estimate of $185.4 million. The average daily active users in the first quarter was 220.9 million, an increase of 15.9%.

On April 26, Twitter announced that it had accepted Musk’s $44 billion acquisition offer. While Musk’s deal to buy Twitter could be months away, the company canceled its regular earnings call. Twitter also said it would not provide forward-looking guidance and would withdraw its previously provided targets and outlook.

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