Social media giant Twitter expects its top line to grow by at least 20% this year after closing 2021 with double-digit growth, the firm announced in a filing.

  • Fourth-quarter revenue hit $1.567 billion with advertising revenue of $1.413 billion, both marking a 22% climb from the previous year. This was attributed to product improvements and the continued growth in advertiser demand.
  • Net income for the quarter stood at $182 million, reflecting a 12% net margin and diluted earnings per share of $0.21. This is lower than the $222 million the previous year, with a net margin of 17% and diluted EPS of $0.27.
  • Twitter recorded a $221-million net loss in 2021, up from the $1.140-billion loss the previous year. Full-year revenue jumped by 37% to $5.08 billion, with advertising revenue up 40%.
  • The company expects 2022 full-year revenue to grow in the low to mid 20% range, banking on the growth of active users in the US and international markets following investments in 2021.

Monetizable daily active users hit 217 million in 2021, up 13% on product improvements and global conversation regarding current events. TWTR is up 4.81% premarket.