Twitter announces Q1 2022 results

0 Comment(s)Print E-mail Xinhua, April 29, 2022
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Twitter, Inc. on Thursday announced financial results for the first quarter of 2022 with revenue of 1.2 billion U.S. dollars, an increase of 16 percent year over year.

The company's advertising revenue totaled 1.11 billion dollars, an increase of 23 percent, or 26 percent on a constant currency basis.

Subscription and other revenue totaled 94 million dollars, a decrease of 31 percent year over year.

Costs and expenses totaled 1.33 billion dollars, an increase of 35 percent year over year. This resulted in an operating loss of 128 million dollars and -11 percent operating margin, compared to an operating income of 52 million dollars or 5 percent operating margin in the same period of the previous year, according to the company.

Its stock-based compensation (SBC) expense grew 60 percent year over year to 177 million dollars and was approximately 15 percent of total revenue.

Net income was 513 million dollars, representing a net margin of 43 percent and diluted earnings per share (EPS) of 0.61 dollars.

Net cash provided by operating activities in the quarter was 126 million dollars, compared to 390 million dollars in the same period last year. Capital expenditures totaled 161 million dollars, compared to 179 million dollars in the same period last year.

The company's average monetizable daily active usage (mDAU) was 229.0 million for the first quarter, up 15.9 percent compared to the first quarter of the prior year.

The average US mDAU was 39.6 million for the quarter, up 6.4 percent compared to the same period of the prior year. The average international mDAU was 189.4 million for the first quarter, up 18.1 percent compared to the same quarter of the prior year.

"Given the pending acquisition of Twitter by Elon Musk, we will not be providing any forward-looking guidance, and are withdrawing all previously provided goals and outlook," the company said.

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