With Musk’s deal in the wings, Twitter reports Q1 sales of $1.2B; diluted EPS of $0.61 due to a MoPub bump

With Musk’s deal in the wings, Twitter reports Q1 sales of $1.2B; diluted EPS of $0.61 due to a MoPub bump

2 years ago
Anonymous $xqL1ZTchGQ

https://techcrunch.com/2022/04/28/with-musks-deal-in-the-wings-twitter-reports-q1-sales-of-1-2b-diluted-eps-of-0-61-due-to-a-mopub-bump/

Twitter will soon be off the market and run as a private company if an acquisitive tech mogul by the name of Elon Musk has his way. But in the meantime, it remains publicly traded, and today the social media platform posted a truncated Q1 earnings statement, providing a degree of transparency into how it is faring as a business.

The short story is that the numbers speak in part to why Twitter might have become an acquisition target. For the quarter that ended March 31, it posted revenues of $1.2 billion, up 16% on the same quarter a year ago — in the middle of the range based on Twitter’s figures but short of analysts’ expectations.