Twitter to double annual revenue to $7.5 bn in 2023

Twitter said on Thursday it expects to double its annual revenue to at least $7.5 billion in 2023.
Twitter developers
The social media network said in a filing it has set a goal to double the number features shipped per employee to help grow revenue or the number of users.

The company expects to reach at least 315 million monetizable daily active users (mDAU) by the fourth quarter of 2023.

Twitter defines mDAU as the number of daily users who can view ads.

Twitter has rapidly added new features over the past several months. It acquired newsletter startup Revue last month, and began testing “Spaces,” an audio chat-room feature similar to viral voice-based app Clubhouse.

Twitter chief executive Jack Dorsey said earlier this month that Twitter would explore launching content subscriptions and letting users receive tip payments from followers.

Related News

Latest News

Latest News