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Twitter Gains 5 Million Users in Q3, Misses Earnings Expectations on Litigation-Settlement Charge

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variety.com
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Todd Spangler NY Digital EditorTwitter touted user gains in the third quarter of 2021 and reported healthy growth in revenue, but it missed Wall Street earnings estimates.The company said average monetizable DAUs reached 211 million in the quarter, up 13% year over year, a net gain of 5 million in the period.

Average U.S. mDAUs were 37 million for Q3, flat with the prior quarter.Click here to sign up for Variety’s free newsletter.Q3 revenue totaled $1.28 billion, an increase of 37% year over year. ○ US revenue totaled $742 million, an increase of 45% year over year.

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