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Twitter expects annual revenue to double in 2023

The social network expects to reach at least 315 million monetizable daily active users (mDAU) by the fourth quarter of 2023.

Published on: Feb 25, 2021, 20:46:36 IST
Reuters
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Twitter Inc said on Thursday it expects to double its annual revenue to at least $7.5 billion in 2023.

The Twitter App loads on an iPhone in this illustration photograph (Reuters)
The Twitter App loads on an iPhone in this illustration photograph (Reuters)

The social network expects to reach at least 315 million monetizable daily active users (mDAU) by the fourth quarter of 2023.

Twitter defines mDAU as the number of daily users who can view ads.

The company's shares were up nearly 7% in trading before the bell.