Analysts Expect Twitter to Report Modest 1Q Revenue Growth, Net Loss -- Market Talk

Dow Jones2022-04-28

1539 ET - Twitter is slated to report 1Q earnings before the bell Thursday. The company has said it expects revenue to range from $1.17B to $1.27B, which would be up from $1.04B a year ago. Analysts polled by FactSet are expecting $1.23B in revenue, plus a net loss of $162M, compared with a profit of $68M a year earlier. They also expect daily users to rise to 226M from 217M in the December quarter and 199M a year ago. Twitter is in the process of being sold to Elon Musk for $44B, or $54.20 a share. Musk is CEO of both Tesla and Space Exploration Technologies. For this reason, it has said it won't be hosting a post-earnings conference call. Shares are down 2.4% to $48.50. (sarah.needleman@wsj.com; @saraheneedleman)

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April 27, 2022 15:40 ET (19:40 GMT)

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