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10/26/2021, 10:06 PM (Source: TeleTrader)
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Twitter's Q3 revenue at $1.28B, up by 37% YoY

Twitter Inc. announced on Tuesday its revenue in the third quarter of 2021 came in at $1.28 billion, marking an annual rise of 37% but still missing expectations. On the other hand, it recorded an operating loss of $743 million and a net loss of $537 million, which went down from both operating and net incomes observed in the same period in 2020. Meanwhile, its diluted losses per share were at $0.67 per share, worsening from earnings per share (EPS) of $0.04.

"I am proud of our third quarter results. We're improving personalization, facilitating conversation, delivering relevant news, and finding new ways to help people get paid on Twitter," Twitter's Chief Executive Officer (CEO) Jack Dorsey commented on the results.

Following the release of the report, Twitter's shares went down by 1.63% in the after-hours trading.

Baha Breaking the News (BBN) / JR