(Finance) – Twitter has registered revenues equal to 1.18 billion dollars in second quarter 2022down 1% yoy or up 2% in constant currency, a performance the company says reflects “the headwinds of the advertising industry associated with the macroeconomic environment, as well as the uncertainty surrounding the pending acquisition of Twitter by Elon Musk. “Advertising revenue was $ 1.08 billion, up 2% or 6% at constant currency. Subscriptions and other revenue totaled $ 101 million. with a 27% decline year-over-year or a 7% increase excluding MoPub from the accounts a year ago Analysts’ expectations, according to Refinitiv data, were for revenues of $ 1.32 billion.
THE costs and expenses they amounted to $ 1.52 billion, up 31% year-over-year. Costs related to the acquisition Twitter’s outstanding were approximately $ 33 million in the second quarter. Severance pay costs were approximately $ 19 million in the second quarter.
There net loss was $ 270 million, representing a net margin of -23% and diluted EPS of $ -0.35. This compares with a net profit of $ 66 million, a net margin of 6% and a diluted EPS of $ 0.08 in the same period last year. Adjusted earnings per share were $ -0.08, versus expectations of $ 0.14.
L’average daily monetizable active use (mDAU) in the second quarter it was 237.8 million, an increase of 16.6% compared to the second quarter of the previous year. The increase was driven by continued product improvements and global dialogue on current events.