https://www.cnbc.com/2022/02/10/twitter-twtr-q4-2021-earnings.html
Twitter reported earnings for the fourth quarter of 2021 Thursday that missed analyst estimates on earnings, revenue and user growth.
Shares popped more than 8% during premarket trading.
Here are the key numbers:
Earnings per share: 33 cents, adjusted vs 35 cents expected, according to a Refinitiv survey of analysts
Revenue: $1.57 billion vs $1.58 billion expected, according to Refinitv
Monetizable Daily Active Users (mDAUs): 217 million vs 218.6 million expected, according to StreetAccount
The company provided revenue guidance for the next quarter ranging from $1.17 billion to $1.27 billion, while analysts had expected about $1.26 billion, according to Refinitv.
Twitter also announced a new $4 billion share buyback program. Half of that will be an accelerated share repurchase with the remaining being repurchased over time, the company said.
Despite the miss in user growth numbers, CFO Ned Segal said in a statement in the earnings release that its previously stated goals of reaching 315 million mDAUs in Q4 2023 and at least $7.5 billion in revenue in 2023 remained the same.
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