Twitter (TWTR) seeks to least double total annual revenue from $3.7 billion in 2020 to $7.5 billion or more in 2023

February 25, 2021 9:04 AM EST
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Twitter (NYSE: TWTR) disclosed:

In connection with its previously announced 2021 Analyst Day, being held today, February 25, 2021, Twitter, Inc. (“Twitter” or the “Company”) announced three long-term goals:

• Double development velocity by the end of 2023, which means doubling the number of features shipped per employee that directly drive either mDAU or revenue.

• Reach at least 315 million mDAU in Q4 2023, which represents a ~20% compound annual growth rate from the base of 152 million mDAU reported in Q4 2019, which was the most recently reported mDAU when Twitter first announced this ambition in March of 2020.

• At least double total annual revenue from $3.7 billion in 2020 to $7.5 billion or more in 2023.

The Company also reiterated its long-term margin target of mid-teens GAAP operating margin, or 40-45% adjusted EBITDA margin.

This information is intended to be furnished under Item 7.01 of Form 8-K, “Regulation FD Disclosure” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.



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