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Twitter, Inc. (NYSE: TWTR) reported second quarter 2022 earnings results today.
Total revenue dipped 1% year-over-year to $1.18 billion due to advertising headwinds and the uncertainty related to the acquisition of the company by an affiliate of Elon Musk.
The company reported a net loss of $270 million, or $0.35 per share, compared to a net income of $66 million, or $0.08 per share, last year. Adjusted loss per share was $0.08.
Both the top and bottom line numbers missed expectations.
Due to the pending acquisition issue with Mr. Musk, Twitter is not providing any guidance.
Prior performance
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Image and article originally from news.alphastreet.com. Read the original article here.