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Twitter unexpectedly declines in second quarter due to turmoil over Musk’s acquisition | Reuters

[22日 ロイター] ――In the second quarter financial results announced by US Twitter on the 22nd, sales decreased unexpectedly and a net loss was recorded. In addition to the weak digital advertising market, there was turmoil over Elon Musk’s $ 44 billion acquisition.

In the second quarter financial results announced by US Twitter on the 22nd, sales decreased unexpectedly and a net loss was recorded. Taken on April 28 (2022 Reuters / Dado Ruvic / Illustration / File Photo)

Advertising revenue increased by just 2% to $ 1.08 billion. According to Refinitiv, the market forecast was $ 1.22 billion.

Total sales for the second quarter were $ 1.18 billion, down from $ 1.19 billion in the year-ago quarter. The market forecast was $ 1.32 billion.

Twitter’s share price was flat at $ 38.90 early on.

Dan Ives, an analyst at Wedbush Securities, said Twitter’s share price depends on the outcome of the trial and there has been no noticeable change in investor behavior following the financial results.

Second quarter net loss was $ 270 million ($ 0.35 per share). In the same period of the previous year, it was in the black at $ 65.6 million ($ 0.08).

Adjusted earnings per share was a deficit of $ 0.08. The market forecast was a surplus of $ 0.14.

The average number of active users (mDAU) per day increased by 16% to 237.8 million. However, it fell short of analysts’ expectations of 238.7 million.

Twitter also announced that it would not announce financial guidance, issue a letter to shareholders, or hold a conference call on financial results because Mr. Musk’s “acquisition is pending.”

Costs surged 31%. The total cost associated with Mr. Musk’s acquisition was $ 33 million and the cost associated with retirement was $ 19 million.