Twitter (TWTR) earnings Q1 2022
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Musk had been expected to join Twitter’s board, however, Musk informed Twitter on Saturday that the richest man in the world would not be joining the board.
Andrew Burton | Getty Images News | Getty Images
TwitterThe company will report its earnings for the first quarter 2022. This could be its final public reporting as an independent corporation after it sold to Elon Musk at $44 billion.
These are the main numbers
- Earnings per share:Refinitiv Survey of Analysts: 3 Cents Expected
- Revenue:According to Refinitiv, $1.23 Billion is expected
- Monetizable Daily Activity Users (mDAUs),StreetAccount predicts 226.9 Million.
Prior to Monday’s official announcement, some analysts speculatedTwitter could have had a desire to complete the deal in advance of reporting these weak earnings. This would be in preparation for a disappointing quarter.
SnapLast week, Twitter reported that it was affected by macroeconomic factors that weighed on advertisers. This could also affect Twitter.
Musk’s deal for Twitter’s purchase could be closed in months. However, Twitter cancelled Monday’s earnings conference call due to the acquisition news.
Musk stated that he wants to leverage his ownership of Twitter in order to open up the platform to more users, through transparency and tolerance for different viewpoints.
WATCH: Less content moderation means more brand safety issues for Twitter, says JMP’s Boone
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