Twitter plans to double revenue by 2023, reach 315M daily users

Twitter plans to double revenue by 2023, reach 315M daily users

3 years ago
Anonymous $rH7oE7DjRg

https://techcrunch.com/2021/02/25/twitter-plans-to-double-revenue-by-2023-reach-315m-daily-users/

Just ahead of its 2021 virtual investor day on Thursday, Twitter this morning announced its three long-term goals focused on user base and revenue growth, and a faster pace of shipping new features across its platform. The company said it aims to “at least” double its total annual revenue from $3.7 billion in 2020 to $7.5 billion or more in 2023. It also expects to reach at least 315 million mDAUs — that’s Twitter’s self-invented metric for “monetizable” daily active users — by the fourth quarter of 2023.

That would represent a roughly 20% compound annual growth rate from Twitter’s base of 152 million mDAUs reported in the fourth quarter of 2019, the company noted in a new SEC filing.

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