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  • Post published:11/02/2022
  • Post last modified:11/02/2022

Twitter posted a net income of $182 million on revenues of $1.57 billion, the latter of which is a 22 percent improvement year-over-year (YOY). But the results disappointed Wall Street because it was expecting faster growth, and Twitter warned it would post a loss in the current quarter.

“Our strong 2021 performance positions us to improve execution and deliver on our 2023 goals,” Twitter CEO Parag Agrawal said. “We are more focused and better organized to deliver improved personalization and selection for our audience, partners, and advertisers.”

Twitter’s daily active user (DAU) count for the quarter was 217 million, up from 192 million in the same quarter one year before. But its user base in the United States is growing more slowly, moving from 37 million to 38 million in the same time frame. International DAUs jumped from 155 million to 179 million in the past year.

Long a distant third in social media, Twitter plans to grow dramatically in the next two years. And the firm says its goal of reaching 315 million DAUs by Q4 2023 is unchanged.

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