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10.02 / 21:31
Twitter Apple Even after Apple iPhone changes, Twitter gains, in big relief for Parag Agrawal
Twitter Inc.’s sales jumped 22% in the fourth quarter, signaling that the social network’s digital advertising business has held up even as changes to Apple iPhone data-collection rules hurt some larger rivals. Sales in the holiday quarter rose to $1.57 billion, compared with the $1.58 billion analysts had predicted. Revenue in the current period will be $1.17 billion to $1.27 billion, Parag Agrawal leTwitter said Thursday in a statement, while the average projection was $1.26 billion. The company added 6 million new users in the fourth quarter, bringing average daily active users to 217 million. That’s up 13% from a year earlier, and was in line with estimates.
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