Twitter plans to at least double annual revenue and hit 315 million or more daily active users in 2023, the social media giant said Thursday ahead of an investor day set for noon ET.The daily active users (DAU) figure reps a 20% compound annual growth rate from the 152 million reported in the fourth quarter of 2019.
The goal is to see sales jump to $7.5 billion from $3.7 billion in 2002 by growing audience and gaining advertising market share in both brand and direct response.The new targets buoyed Twitter shares which jumped as much as 12% to a record intraday high of $80.75.
They’re trading up 9% late morning, outpacing the broader market and the rest of the tech sector. The tech-heavy Nasdaq is down 1.2%.
Read more on deadline.com
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