Twitter Revenues, Users Rise; Questions Swirl Around Elon Musk's Future Course

CBS San Francisco

April 28, 2022

As questions continue to swirl around Elon Musk’s future plans for Twitter, the San Francisco-based social media giant reported quarterly results that showed gains in revenue and the number of daily users using the platform.

Twitter reported net income of $513 million, or 61 cents a share, but that includes a big one-time gain from the sale of its MoPub business, clouding comparisons with the year-ago period.

Revenue, most of it from ads, rose 16% to $1.2 billion in the three months to March compared with the same period last year, though the company said the figure reflected “headwinds associated with the war in Ukraine,” without elaborating.

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