London Daily

Focus on the big picture.
Saturday, Oct 03, 2026

Twitter user numbers fall short as it reports $221m annual loss

Twitter user numbers fall short as it reports $221m annual loss

The social media platform's disappointing results are the first since Jack Dorsey stepped down as chief executive - and come after Facebook's sub-par performance sent owner Meta's shares into freefall last week.

Twitter has become the latest social media giant to disclose disappointing user numbers as it reported an annual loss of $221m.

The San Francisco-based company said its measure of "monetisable daily active users" - those who see ads on the platform - rose by six million to 217 million over the last three months of 2021.

That fell short of Wall Street estimates that the total would reach 218.5 million.

Parag Agrawal took over in November.


Fourth quarter ad revenues of $1.41bn also failed to meet analysts' $1.43bn target and Twitter's forecast for first quarter sales was slightly below par too.

But Twitter cheered investors by announcing a $4bn share buy-back programme, sending shares as much as 8% higher though the gains later evaporated and they ended 2% lower.

The quarterly results are the first since Parag Agrawal took over as chief executive from Twitter's co-founder Jack Dorsey in November.

They follow a disappointing set of numbers from Meta - the owner of Facebook, Instagram and WhatsApp - last week, which prompted Meta's share price to collapse by a quarter.

Those results had revealed the first fall in user numbers in Facebook's 18-year history as well as a squeeze on ad revenues and pressure from social media rivals such as TikTok.

Twitter, with a market value of $30bn, is a relative minnow compared to Meta, which is worth more than $600bn. Meta's Facebook platform has more than 1.9 billion daily users.

The results are the first since Jack Dorsey quit


But like bigger tech stocks, Twitter has found its share price under pressure recently as investors fret about the prospect of US interest rate hikes that make bets on future returns from growing companies look less attractive.

Twitter's shares have fallen 12% so far this year.

In its latest results, the company said it had made "meaningful progress" towards its goal of reaching 315 million users and $7.5bn in annual revenue by the end of 2023.

It said user growth should accelerate in the US and internationally this year.

Twitter has been pursuing projects such as audio chat rooms and newsletters to attract users and advertisers but analysts had expected faster signs of progress.

It will need to double its growth rate to 12 million users per quarter if it is to achieve its 2023 goal.

Mr Agrawal said: "I see a strong urgency to improve our focus and execution but also a lot of confidence in our strategy and our team."

The plan will apparently involve a big splurge on bonuses.

Stock-based compensation of $630m in 2021 was up from $475m the year before and is expected to climb to $900-925m this year.

Twitter's annual revenue of $5.08bn was 37% up on 2020 and is expected to grow in the "low to mid 20% range" this year.

Its full-year loss for 2021 was tied to a $766m charge resulting from a lawsuit settlement over allegations it had misled investors.

Newsletter

Related Articles

0:00
0:00
Close
Church of England to Apologize for Role in Historical Forced Adoptions
UK Defence Ministry Investigates Historical Use of RAF Bases by Jeffrey Epstein
Scottish Housing Completions Fall to 11-Year Low
Welsh First Minister Calls for Expanded Devolution Settlement
UK Pledges £50 Million to Expand Domestic Military Drone Capabilities
UK Opens First Commercial Geothermal Plant in Cornwall
Green Party Wins Gorton and Denton By-Election as Labour Falls to Third
Prime Minister Andy Burnham Opens Review of UK-EU Relationship
UK Inflation Rises to 3.1%, Adding Pressure on Household Finances
UK Removes VAT From Domestic Electricity Bills to Ease Winter Energy Costs
Counterterrorism Police Arrest Sixth Suspect Over RAF Fairford Incident
UK Councils to Receive Sweeping Planning Powers to Ban New Vape and Betting Shops
Chancellor John Healey Faces Tax and Pension Scrutiny Ahead of Autumn Budget
Metropolitan Police Apologise for Accidental Disclosure in High-Profile Investigation
UK Universities Report Record International Enrolment as Housing Pressure Grows
UK Logistics Firms Monitor Rhine Disruption as Low Water Threatens European Supply Chains
UK Food Industry Warns Inflation Could Approach 7%
UK Introduces Vaping Duty and Mandatory Retail Stamps
Scotland Raises Property Taxes and Expands Child Payment in Annual Budget
Greggs Plans Four Factory Closures With 740 Jobs at Risk
OECD Raises UK 2026 Growth Forecast to 1.1%
UK Inflation Rises to 3.1% as Bank of England Faces Rate Debate
Andy Burnham Criticises Brexit and Says Rejoining EU Single Market Remains an Option
UK Imposes New Sanctions on Russian Military Networks and Propagandists
UK Launches Nationwide Early-Release Prison Scheme
Andy Burnham Says Security Services See Signs of Iranian Involvement in RAF Fairford Incident
Manchester City Found Guilty on Premier League Financial Charges After Independent Investigation
Scottish Court to Rule on Bid to Force No-Confidence Vote Against Aberdeen Council Co-Leader
UK Bans Extra Charges for Seating Children Under 12 Beside Accompanying Adults
UK Introduces Vaping Duty and New Licensing Requirements
Greggs to Close Four UK Factories and Cut 740 Jobs
Hundreds of Prisoners Released Early as England and Wales Prisons Reach 98% Capacity
UK Unveils New Russia Sanctions Targeting War Funding and Shadow Fleet
Burnham Says There Are Strong Indications of Iranian Involvement in RAF Fairford Security Breach
Prime Minister Andy Burnham Raises Prospect of Reviewing Britain's Post-Brexit EU Relationship
Markets Price in Bank of England Rate Increases as Inflation Rises to 3.1%
UK Borrowing Costs Climb Toward 5.5% as Global Bond Sell-Off Intensifies
UK-France One-In-One-Out Migration Agreement Expires as London Seeks Alternative Measures
Southwest England Faces Flood Alerts After Heavy Autumn Storms
UK Expands Funding for Rapid Electric Vehicle Charging Infrastructure
Welsh Government Approves Funding to Upgrade South Wales Transport
Northern Ireland Tensions Rise as Orange Order Rejects Drumcree Compromise
NHS Leaders Back Early Design of Proposed National Care Service
More Than One-Third of Regional UK Universities Face Financial Deficits
UK Current Account Deficit Narrows as Cross-Border Financial Flows Remain Strong
Bank of England and FCA Issue New Rules for Stablecoins and Digital Assets
MI5 Warns UK Universities Over Research Links With Chinese Institutions
UK Energy Price Cap Rises 4% as Electricity VAT Is Temporarily Suspended
Equity Calls for UK Personality Rights to Protect Performers From AI Replication
OpenAI Pauses Advanced Model Training Following Safety Concerns
×