Twitter, Inc. (NYSE: TWTR) reported first quarter 2022 earnings results today.
Total revenue increased 16% year-over-year to $1.20 billion.
Net income was $513 million, or $0.61 per share, compared to $68 million, or $0.08 per share, in the year-ago period. Adjusted EPS was $0.90.
While earnings smashed projections, revenue fell short of estimates.
Earlier this week, Twitter entered into an agreement to be acquired by an entity wholly owned by Mr. Elon Musk. In light of this transaction, the company will not be providing any financial guidance.
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