Twitter Revenues, Users Rise; Questions Swirl Around Elon Musk's Future Course

San Francisco CA

28 April, 2022

1:26 PM

Description

CBS San Francisco April 28, 2022 As questions continue to swirl around Elon Musk's future plans for Twitter, the San Francisco-based social media giant reported quarterly results that showed gains in revenue and the number of daily users using the platform. Twitter reported net income of $513 million, or 61 cents a share, but that includes a big one-time gain from the sale of its MoPub business, clouding comparisons with the year-ago period. Revenue, most of it from ads, rose 16% to $1.2 billion in the three months to March compared with the same period last year, though the company said the figure reflected "headwinds associated with the war in Ukraine," without elaborating. CBS Local Digital Media personalizes the global reach of CBS-owned and operated television and radio stations with a local perspective.