July 3, 2022

What you need to know

  • Twitter released its Q1 2022 financial earnings on Thursday.
  • The company reported $1.2 billion in revenue, slightly below analyst expectations.
  • Twitter had a total of 229 million monetizable daily active users, above expectations.

All eyes are on Twitter Thursday morning as the company releases its first-quarter earnings report. The company reported a revenue of $1.2 billion in what could be one of its last earnings reports ahead of Elon Musk’s acquisition closing later this year.

Despite the company reporting earnings just below the expected $1.23 billion (via CNBC), Twitter managed to rise above monetizable daily active usage (mDAU) predictions, increasing nearly 16% year-over-year to 229 million.