Twitter financial report: Twitter's revenue in Q1 2022 was US$1.2 billion, a year-on-year increase of 16%, lower than market expectations

Twitter financial report: Twitter's revenue in Q1 2022 was US$1.2 billion, a year-on-year increase of 16%, lower than market expectations

According to reports, Twitter recently released its first quarter 2022 financial report ending March 31, with revenue of US$1.2 billion, a year-on-year increase of 16%. Net profit was US$513 million, compared with US$68 million in the same period last year. On April 26, Twitter announced that it had accepted Musk's $44 billion acquisition proposal. Although Musk's acquisition of Twitter may take several months, the company canceled this routine earnings call. Twitter also stated that it would not provide forward-looking guidance and would withdraw previously provided goals and outlooks.

First quarter results:

Revenue was $1.20 billion, up 16% year-over-year and 19% in constant currency.

Advertising revenue was $1.11 billion, up 23% year-over-year and 26% at constant exchange rates.

Subscription and other revenue was $94 million, down 31% year-over-year.

Total costs and expenses were $1.33 billion, up 35% year-over-year.

Operating loss was $128 million, with an operating margin of -11%, compared to an operating profit of $52 million and an operating margin of 5% in the same period last year.

Stock-based compensation expenses were $177 million, up 60% year-over-year, and accounted for approximately 15% of total revenue.

Net profit was $513 million, with a net profit margin of 43% and diluted earnings per share of $0.61. In the same period last year, net profit was $68 million, with a net profit margin of 7% and diluted earnings per share of $0.08.

Net cash provided by operating activities was $126 million, compared with $390 million in the same period last year.

Capital expenditures totaled $161 million, compared with $179 million in the same period last year.

The average mDAU (monetizable daily active users) in the first quarter was 229 million, a year-on-year increase of 15.9%.

Among them, the average mDAU in the US market was 39.6 million, a year-on-year increase of 6.4%, and the average mDAU in the international market was 189.4 million, a year-on-year increase of 18.1%.

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