Twitter Falls Short on Q1 Revenue Estimates but Sees Better than Expected Growth in Active Users

Depending on the outcome, this could be one of its last reports as a public company following the Twitter board’s agreement to sell to Elon Musk for $44 billion.

Amidst the ongoing Elon Musk buyout headlines across the globe, Twitter missed revenue expectations for Q1 but posted better than expected user growth.

In light of Musk’s purchase, Twitter, which saw its share price rise roughly 1% in after-hours trading, called off its issuing of future guidance which usually accompanies its earnings report.

“Given the pending acquisition of Twitter by Elon Musk, we will not be providing any forward-looking guidance and are withdrawing all previously provided goals and outlook,” Twitter said in a statment.



  • Revenue: $1.20 billion versus $1.23 billion expected
  • Adjusted EPS: $0.90 per share
  • Active users: 229 million versus 226 million expected
  • Advertising revenue totaled $1.11 billion, an increase of 23%, or 26% on a constant currency
  • Subscription and other revenue totaled $94 million, a decrease of 31% year-over-year, or a
    decrease of 5% year-over-year when excluding MoPub
  • Average monetizable daily active usage (mDAU) was 229.0 million for Q1, up 15.9% compared to Q1 of the prior year.
  • Average US mDAU was 39.6 million for Q1, up 6.4% compared to Q1 of the prior year.
  • Average international mDAU was 189.4 million for Q1, up 18.1% compared to Q1 of the prior year.

Regarding the Elon Musk acquisition

Twitter said in a statement.

“As announced on April 25, 2022, we entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash. Upon completion of the transaction, Twitter will become a privately held company.

The transaction is subject to customary closing conditions and completion of regulatory review and Twitter’s stockholder approval. The transaction, which is expected to close in 2022, has been approved by the board of directors of Twitter.”


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