Twitter’s ad revenue up 24% in Q4 2021 financial results

February 11, 2022 9:30

Twitter, Inc. today released its financial results for its fourth quarter and fiscal year 2021.

Twitter’s 2021 revenue was US$5.08 billion (A$7.08 billion), an increase of 37% year-on-year. 2021 operating loss of US$493 million (A$687 million). See Twitter’s Q3 2021 results here.

During 2021, Twitter’s net loss was US$221 million (A$308 million), representing a net margin of minus 4% and diluted EPS of ($0.28). The platform’s 2020 net loss of US$1.14 billion (A$1.59 billion), includes a deferred tax asset valuation allowance of US$1.10 billion (A$1.53 billion) and corresponding non-cash income tax expense based primarily on cumulative taxable losses driven primarily by COVID-19, representing a net margin of minus 31% and diluted EPS of ($1.44).

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Emma Shepherd

Emma Shepherd was the acting deputy editor at Mumbrella who has over seven years of print and digital experience in the industry and has previously worked as a reporter for media outlets Bauer Media (now Are Media), Yahoo Australia, and a content strategist and writer for various independent marketing agencies.

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