A few days ago, Twitter released the first quarter of 2022 financial report. Revenue for the quarter was $1.2 billion, up 16 percent from $1,036 million in the year-ago quarter, and net profit of $513 million, including $639 million in after-tax gains from the sale of MoPub, representing a significant increase from $68 million in the year-ago quarter, and a net profit margin of 43 percent.
By business, its advertising business revenue for the quarter was $1.11 billion, up 23% year-over-year, subscriptions and other revenue was $94 million, down 31% year-over-year, and down 5% year-over-year after deducting the impact of the sale of MoPub. In addition, its operating loss was $128 million, with an operating margin of -11%, compared to an operating profit of $52 million and an operating interest rate of 5% in the same period last year.
In terms of user data, Twitter's monetizable daily active users (MDAU) reached 229 million in the quarter, up 15.9% year-on-year. In the U.S. market, the average total number of MDAU was 39.6 million, an increase of 6.4% year-on-year, while the average MDAU in the international market was $189.4 million, up 18.1% from the same period last year.
It is worth mentioning that Twitter reconfirmed in the financial report that the board of directors has agreed to Musk's $54.20 per share acquisition offer, and revealed that if the transaction is successfully completed, Twitter may become a privatization company.
According to sources a few days ago, Musk said that he will continue to pay attention to Twitter's profits, and revealed that he will reduce costs and lay off employees at the same time, and for specific measures to increase revenue, he proposed "possible launch of potential subscription services". But earlier this month, he said in a public speech that "I don't care about the economy at all."
Affected by the proposed acquisition transaction, Twitter recently cancelled a regular earnings call. In addition, the company has publicly stated that it will no longer provide forward guidance and withdraw all previously released corporate goals and performance forecasts.
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