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Twitter Targets 315 Million Daily Users by End of 2023, Expects to Double Revenue

Report | Times Of Sudan

Twitter revealed new long-range targets for the business ahead of its investor day presentation Thursday — projecting that it will at least double total annual revenue and daily users over a four-year span.

Per a regulatory filing, Twitter expects annual revenue to grow more than twofold, from $3.7 billion in 2020 to $7.5 billion or more in 2023. In addition, the social network said it is projecting at least 315 million monetizable daily active users in Q4 2023, representing an approximately 20% compound annual growth rate from 152 million mDAU reported in Q4 2019.

Shares of Twitter popped more than 10% in early trading Thursday on the projections to new all-time highs for the stock.

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