Twitter had net income of US$513 million in the first quarter of 2022, equivalent to US$0.61 per share, well above the gain of US$68 million (about R$340 million ) recorded in the same period last year, according to a balance sheet published this Thursday.
Adjusted, earnings per share for January-March were $0.90, far surpassing the $0.05 forecast by analysts polled by FactSet.
Revenue, in turn, grew 16% year-on-year in the quarter, to US$1.20 billion (about R$6 billion), slightly below the FactSet consensus of US$1.23 billion.
Twitter also reported that its daily user base rose to 229 million in March from 217 million in December. Analysts polled by FactSet predicted a user count of around 226 million.
On Monday, the social media company accepted a proposal to buy billionaire Elon Musk, CEO of Tesla and SpaceX, among other ventures.
The value of the transaction is around US$ 44 billion and the deal is expected to be concluded later this year.
*With information from Dow Jones Newswires
