Twitter reported an increase in first-quarter revenue on Thursday, three days after accepting Elon Musk’s bid to take the company private.
The US social media company made what could be its last public earnings announcement, which showed first-quarter revenue up 16% to $1.2 billion. Net income for the quarter was $513 million, boosted by the sale of its MoPub mobile ad platform.
As the Twitter board accepted Tesla CEO Musk’s bid to take the company private on Monday, the standard post-earnings conference call with analysts was canceled.
„In light of the proposed transaction with Mr. Musk, as is customary during the pendency of an acquisition, Twitter will not be hosting a conference call, issuing a shareholder letter, or providing financial guidance in conjunction with its first quarter 2022 earnings release,” the report read.
Twitter’s earnings report showed that daily active users rose 16% to 229 million during the first quarter, but the social media platform revealed it
We współpracy z: https://www.theblockcrypto.com/post/143962/twitter-reports-increased-first-quarter-revenue-reveals-data-error?utm_source=rss&utm_medium=rss
