Twitter Q3 Revenue Disappoints, but Bright Future May Be Ahead

27 October 2021

    Twitter reported its Q3 earnings results on Tuesday, which have largely missed analyst forecasts.


    The social media company has announced a loss per share of 67 cents on revenue of $1.28 billion, falling short of anticipated earnings per share of 17 cents on revenue of $1.29 billion.


    Generally, however, Twitter shares are up 58% from the beginning of the year, outperforming the Nasdaq 100, which is up 20.73% from the start of the year. The company also reported average daily active users of 211 million, up 13% year over year, and has seen strong contributions from small and medium-sized business customers, with double-digit revenue growth.


    Looking ahead, Twitter said it expects total revenue to be between $1.5 billion and $1.6 billion. Following the report, Twitter's shares gained 3.45%, reaching $63.55.


    In turn, Alphabet has reported EPS of $27.99 on revenue of $65.12 billion, compared to expected EPS of $23.84 on revenue of $63.47 billion. Facebook beat expectations with EPS of $3.22 on revenue of $29.01 billion, compared to the forecast of EPS at $3.19 on revenue of $29.58 billion.

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