Twitter Forecast to Post Revenue Rise Amid Musk Fight

by | Jul 22, 2022 | Business

Twitter on Friday is seen reporting a second-quarter loss on higher revenue, as the social-media company prepares to battle Elon Musk in court this fall over his intent to dismantle his $44 billion takeover deal.Twitter’s revenue is expected to rise to $1.32 billion in the second quarter, according to FactSet, from $1.19 billion a year earlier. The company is expected to post a per-share loss of 7 cents, down from a year-ago profit of 8 cents a share. The number of Twitter’s daily active users is expected to increase to 238 million from 206 million a year earlier, FactSet says.

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