Todd Spangler NY Digital EditorTwitter revealed new long-range targets for the business ahead of its investor day presentation Thursday — projecting that it will at least double total annual revenue and daily users over a four-year span.Per a regulatory filing, Twitter expects annual revenue to grow more than twofold, from $3.7 billion in 2020 to $7.5 billion or more in 2023.
In addition, the social network said it is projecting at least 315 million monetizable daily active users in Q4 2023, representing an approximately 20% compound annual growth rate from 152 million mDAU reported in Q4 2019.Shares of Twitter popped more than 10% in early trading Thursday on the projections to new all-time highs for the stock.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.