Twitter Revenue Down 40%
According to various reports, Twitter revenue is down 40% year-over-year, in part due to the broader downturn in digital advertising, and in part due to ongoing concerns about new Twitter chief Elon Musk’s updates at the app.
In Q4 ’21, Twitter brought in $1.57 billion in revenue. If Twitter’s now down 40% on that result, that would mean that Twitter’s set to reach around $942 million in Q4 2022.
Twitter’s staff costs in Q2 ’2022, were $950 million. But Elon’s since cut that significantly.
Twitter’s operating costs in Q2 2022, outside of staff, totalled $540m. Elon has also sought to reduce this, by shutting down data centres and international offices.
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