Yahoo Finance

Twitter misses Q1 revenue estimates, posts better than expected user growth

Daniel Howley · Technology Editor
Thu, April 28, 2022, 8:09 AM

Twitter (TWTR) reported its Q1 earnings Thursday morning, missing revenue expectations, but posting better user growth in its first report since the company announced plans to sell to Tesla (TSLA) CEO Elon Musk for $44 billion.

Here are the most important numbers from the report compared to what Wall Street was expecting, as compiled by Bloomberg.

• Revenue: $1.20 billion versus $1.23 billion expected

• Adjusted EPS: $0.90 per share

• Active users: 229 million versus 226 million expected

Twitter shares were flat following the announcement.

{snip}

Twitter's revenue rose 16% in the first quarter and its number of users increased, as the company pursued performance goals that may change now that the company has accepted Elon Musk’s offer to buy it

wsj.com
Twitter Reports Higher Revenue, Users as Elon Musk Prepares to Buy It
The messaging service, which agreed to be acquired in a $44 billion deal, said its daily user base increased to 229 million.