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Twitter surprises with results but disappoint with predictions

In the first three months of the year, the San Francisco-based company made a profit of $68 million, which compares with a similar loss of $8.4 million.

In the first three months of the year, Twitter made a profit of $68 million, which compares with a similar loss of $8.4 million.

In the first three months of the year, Twitter made a profit of $68 million, which compares with a similar loss of $8.4 million. (Image: History)

  • Revenues increased 28%, to $1.04 billion.
  • Twitter had an average of 199 million daily users in the period under review.
  • By comparison, Facebook had 1.88 billion daily users, on average, in March 2021, a year-on-year growth of eight percent. In contrast, Twitter does not reveal monthly numbers of users.

    Its forecasts for the second quarter are in the range between $980 million and $1.08 billion. The midpoint is below the 1.06 billion expected by analysts.

    These forecasts were poorly received and the company’s shares were falling 8.9% in electronic transactions, after hours.

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