Twitter released their financials showing that they saw a growth in their revenue.
The social media platform says they beat their expectations considering Apple’s changes to their software to make it difficult to serve ads to users. Part of the revenue growth is Twitters improved targeted ads. Share rosee 7% to $75 per share.
Twitter posted $1.05 Billion in advertising revenue, up 87% from 2020. Wall Street expected $909.9 million in revenue.
In the last year, Twitter has introduced new features including Fleets, a story feature for the platform, as well as newsletter publishing and a Clubhouse style feature as well.