TwitterThe company released its fourth-quarter results after trading on Tuesday.
Twitter reported fourth-quarter revenue of $1.29 billion and market expectations of $1.19 billion; adjusted earnings per share of $.38 and market expectations of $0.30.
Twitter said the number of realisable daily active users (mDAU) rose 5 million from the third quarter to 192 million in the fourth quarter, with market expectations of 193.5 million. User growth is likely to slow for the rest of 2021 because of competition in the industry, the company said.
Twitter expects first-quarter revenue of between $940 million and $1.04 billion, compared with a market forecast of $965 million.
Twitter shares fell as much as 5 per cent after the results were announced. The company's shares closed Tuesday at $59.91, up 2.94%.