Twitter, Inc. (NYSE: TWTR) shares have weakened more than 14% since the beginning of the 2022 year, even though the company reported strong fourth-quarter results this Thursday.
Twitter finished the fourth quarter with 217 million monetizable daily active users (mDAU), and CFO Ned Segal said that the outlook for the upcoming quarters remains positive.
Revenues should continue to grow
Twitter continues to improve its position in the market, and the fourth-quarter earnings results show that it is moving in the right direction.
Total revenue has increased by 22% Y/Y in the fourth fiscal quarter to $1.57 billion, while the GAAP EPS was $0.21 (beats by $0.05).
Advertising revenue totaled $1.41 billion, which represents a 22% increase compared with the fourth quarter in 2020.
Twitter finished the fourth quarter with 217 million monetizable daily active users (mDAU), representing an increase of 2.8% from the third quarter of 2021.
Total revenue for the 2021 fiscal year grew 37% compared with the previous year, and the company continues to make progress across its portfolio of consumer and revenue products.
The company’s management expects revenue to be between $1.17 billion and $1.27 billion for the next fiscal quarter, while GAAP operating loss should be between $175 million and $225 million. The company’s management has a goal to reach 315 million mDAU and $7.5 billion or more in total revenue for 2023. Ned Segal, CFO of Twitter, added:
In 2022, we expect revenue to grow in the low to mid-20s range versus 2021, excluding MoPub and MoPub Acquire, with performance revenue growing faster than the brand. We also expect mDAU growth to accelerate in the U.S. and international markets over the course of the year.
