Twitter Posts Operating Loss In Q1 On Higher Expenses

Twitter, Inc. (TWTR) recorded an average monetizable daily active usage or mDAU of 229.0 million for its first quarter, up 15.9% from last year. Average US mDAU was 39.6 million, up 6.4%. Average international mDAU was 189.4 million, up 18.1%. Revenue increased 16% year-over-year, or 19% on a constant currency basis, reflecting headwinds associated with the war in Ukraine. When excluding MoPub and MoPub Acquire, year-over-year revenue growth was 22%. Costs and expenses rose 35% year-over-year resulting in an operating loss of $128 million for the quarter, compared to an operating income of $52 million, last year.

from RTT - Top Story https://ift.tt/WRTxqNK
via IFTTT