- Twitter, Inc TWTR reported first-quarter FY22 revenue growth of 16% year-on-year to $1.20 billion, shy of the consensus of $1.22 billion.
- The revenue growth reflected headwinds associated with the war in Ukraine. When excluding MoPub and MoPub Acquire, Y/Y growth was 22%.
- Advertising revenue totaled $1.11 billion, up 23% Y/Y. Subscription and other revenue totaled $94 million, down 31% Y/Y.
- Also Read: Twitter Admits It Removed Ukraine Open-Source Intelligence Accounts By Mistake
- The average mDAU was 229 million, up 15.9% Y/Y. The average US mDAU was 39.6 million, up 6.4% Y/Y. The average international mDAU was 189.4 million, up 18.1%.
- The operating loss was $128 million, with a margin loss of (11)% as costs surged 35% Y/Y.
- EPS of $0.90 beat the consensus of $0.03.
- Twitter generated $126 million in operating cash flow and held $6.3 billion in cash and equivalents.
- Twitter did not offer any outlook, given the pending acquisition of Twitter by Elon Musk.
- Price Action: TWTR shares traded higher by 0.64% at $48.95 in the premarket on the last check Thursday.
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