Twitter falls short in Q4

Twitter Inc. (TWTR) reported its latest financial numbers before the opening bell on Wall Street on Thursday. Let’s take a look at how the social media company performed in the last quarter of 2021.

The company reported total revenue of $1.567 billion in Q4, falling short of analyst forecast of $1.578 billion.

Earnings per share reported in line with estimates at $0.33 per share.

”Our strong 2021 performance positions us to improve execution and deliver on our 2023 goals,” said Parag Agrawal, Twitter’s CEO.

”We are more focused and better organized to deliver improved personalization and selection for our audience, partners, and advertisers.”

”Twitter had a solid fourth quarter to finish 2021, with over $5 billion in annual revenue, up 37% for the year,” said Ned Segal, Twitter’s CFO. “There are no changes to our goals of 315 million average mDAU in Q4 2023 and $7.5 billion or more revenue in 2023. Our increased focus on performance ads and the SMB opportunity after the sale of MoPub positions us even better for 2022 and beyond.”

Twitter Inc. (TWTR) chart (weekly)

Shares of Twitter were up by 0.46% at the end of the trading day on Thursday at $37.96 a share. Here is how the stock has performed in the past year –

• 1 Month: -4.19%
• 3 Month: -28.66%
• Year-to-date: -14.21%
• 1 Year: -45.92%

Twitter is the 677^th largest company in the world, with a total market cap of $29.92 billion.

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Sources: Twitter Inc., TradingView, CompaniesMarketCap