Social media giant Twitter has published its financial status report for the first quarter of 2022. The company said it generated $1.20 billion in earnings this quarter, up 16 percent from the same period last year.
This is Twitter’s first report after it was acquired by Tesla and SpaceX CEO Elon Musk for $44 billion. Twitter said that it reached 217 million daily active users in its earnings report for the fourth quarter of 2021, and this number was announced as 211 million in the third quarter of 2021.
Twitter user count reaches 229 million
In the second quarter of 2022, Twitter has set its metric to measure its target audience, mDAU (redeemable daily active users), 2022 on March 31st. In the first quarter that ended, it increased by 15.9 percent year on year to 229 million.
Analysts had expected Twitter to generate $1.22 billion on average earnings per share (EPS) of $0.03 during this period. The company itself, on the other hand, made an estimate of between $ 1.17 billion and $ 1.27 billion, and revealed that it managed to meet this expectation by announcing earnings of $ 1.20 billion.
However, Twitter’s market cap is currently around $37 billion. According to Forbes, Elon Musk, who is the richest person in the world with a net worth of $ 264 billion, aspires to the company by risking an overpayment of $ 7 billion. Musk had previously purchased 9.2 percent of Twitter, making it one of the company’s largest shareholders.
Facebook’s number of users is close to 2 billion
According to Meta’s statement, the number of daily active users of Facebook increased to 1.96 billion in the first quarter of 2022. While this rate was 1.930 billion in the third quarter of 2021; Facebook announced that it experienced a decrease of 1 million in the fourth quarter, falling to 1.929 billion.
What do you guys think about this? You can share your views in the comments or on the SDN Forum.
10912
