Twitter revenue climbs to $1.2B, daily users grow 16%

Scott Marlette

3 years ago

A sign is pictured outside the Twitter headquarters in San Francisco, Monday, April 25, 2022. Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the platform where he promotes his interests, attacks critics and opines on social and economic issues to more than 83 million followers. Credit: AP Photo/Jed Jacobsohn

Twitter on Thursday posted quarterly earnings of $513 million days after it agreed to be sold to billionaire Elon Musk.

The social media company said Thursday that revenue rose 16% to $1.2 billion in the three months to March compared with the same period last year.

Twitter, based in San Francisco, reported an average of 229 million daily active users in the quarter, up 16% from last year.

Musk’s $44 billion deal to buy Twitter was announced earlier this week and the deal is expected to close later this year.

Twitter canceled the conference call with executives and industry analysts that usually accompanies its results, so there will be little further insight into the company’s current financial condition.

Twitter reporting earnings on heels of Elon Musk buyout deal

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Twitter revenue climbs to $1.2B, daily users grow 16% (2022, April 28)
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