Financial report for the third quarter of 2021 Twitter reports a 37% increase in revenue

Shares of Twitter rose after the company announced that Apple’s privacy changes had little effect on its third-quarter earnings, and the company grew 37 percent this season to $ 1,284.

Twitter says Apple’s privacy changes in iOS 14 have less impact than expected on the company’s revenue had. The company says the company’s fourth-quarter revenue will be around $ 1.5 billion to $ 1.6 billion, while market analysts predict that the company ‘s revenue in the fourth quarter of 2021 will reach $ 1.58 billion.

Twitter shares rose about 4 percent in trading on Tuesday, November 4, following the release of the third quarter earnings report for the year.

Twitter’s third quarter financial report for 2021 contrasts with estimates published by The Wall Street Journal:

Profit: 18 cents per share, compared to 15 cents expected by Refinitiv analysts.

Income: $ 1.284 billion versus the expected $ 1.285 billion.

Daily Active Users with Earnings (mDAU): Revenue of $ 211 million versus 211.9 million expected by StreetAccount analysts.

Twitter also reported a net loss of $ 537 million, compared to a profit of $ 29 million last year. Revenue in the third quarter of this year increased by 37% compared to the same period last year. Twitter said the impact of Apple’s iOS privacy change was less than expected and would be very small in the fourth quarter.

Twitter advertising revenue also grew by more than 41% this season compared to the same period last year, reaching $ 1.14 billion. Total advertising contributions increased by 6% compared to last year.

Twitter also gave more details about the sale of MoPub to AppLovin worth $ 1.05 billion and the contract is expected to close in the first quarter of 2022. Twitter is expected to generate between $ 1.5 billion and $ 1.6 billion in revenue in the fourth quarter with MoPub trading. Analysts forecast an average revenue of $ 1.58 billion, according to Refinitiv.