Twitter posted a fourth-quarter 2021 profit of $182 million, which was down from $222 million in the comparable period in the previous year. While revenue rose 22% on stronger ad sales, a 35% increase in quarterly costs (to $1.40 billion) wiped out any potential for net income growth.
Takes money to make money, we suppose. And Twitter is making money — or at least increasing its value — early this morning. After revealing its Q4 earnings, which included strong user growth, shares in the social media company jumped 7% in pre-market trading.
Ultimately, Twitter posted fourth-quarter earnings per share (EPS) of 21 cents (33 cents non-GAAP) on $1.57