Twitter’s ad revenue up 23% in Q1 2022 financial results

Twitter reported income of US$1.2 billion (A$1.69 billion) for the primary three months of 2022, up 16% from the primary quarter of 2021. This may very well be one in every of its closing quarters as a publicly traded firm.

Advertising income totalled US$1.11 billion (A$1.56 billion), a rise of 23%, or 26% on a continuing foreign money foundation. See Twitter’s This fall 2021 outcomes right here.

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MoPub is a cell advert community that helps apps and publishers fill their advert stock by means of real-time bidding auctions.


Costs and bills totaled US$1.33 billion (A$1.87 billion), a rise of 35% year-over-year. This resulted in an working lack of US$128 million (A$180.29 million) and -11% working margin, in comparison with an working earnings of US$52 million (A$73.24 million) or 5% working margin in the identical interval of the earlier 12 months.

Stock-based compensation (SBC) expense grew 60% year-over-year to US$177 million (A$249.30 million) and was roughly 15% of complete income.

Net earnings was US$513 million (A$722.56 million), representing a web margin of 43% and diluted EPS of $0.61.

Net earnings features a pre-tax achieve of US$970 million (A$1.366 billion) from the sale of MoPub for US$1.05 billion (A$1.48 billion) and earnings taxes associated to the achieve of US$331 million (A$466.21 million). This compares to web earnings of US$68 million (A$95.78 million), a web margin of seven% and diluted EPS of US$0.08 (A$0.11) in the identical interval of the earlier 12 months.

Average monetisable day by day energetic utilization (mDAU) was 229 million for Q1, up 15.9% in comparison with Q1 of the prior 12 months.

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As introduced on 25 April, Twitter entered right into a definitive settlement to be acquired by an entity wholly owned by Elon Musk, for US$54.20 (A$76.34) per share in money. Upon completion of the transaction, Twitter will turn into a privately held firm. The transaction is topic to customary closing situations and completion of regulatory evaluation and Twitter’s stockholder approval. The transaction, which is predicted to shut this 12 months, has been accepted by the board of administrators of Twitter.

The Australian Financial Review reported that Twitter has written to businesses in response to the announcement of its $US44 billion ($62 billion) take care of Elon Musk, assuring them that their adverts received’t be positioned with dangerous or offensive content material.

What will Elon Musk’s possession of Twitter imply for ‘free speech’ on the platform?

Twitter shares closed at US$49.11 (A$69.17) in a single day, and has a market capitalisation of US$37.499 billion (A$52.82 billion).

Twitter’s takeover was mentioned on a latest episode of the Mumbrellacast, pay attention beneath:

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