Twitter revenue for first quarter of 2021 exceeds $1B

Twitter’s total revenue amounted to $1.04 billion in the first three months of this year, according to the company’s financial statements published on April 29, Report informs.

"Q1 was a solid start to 2021, with total revenue of $1.04 billion up 28% year-over-year, reflecting accelerating year-over-year growth in MAP revenue and brand advertising that improved throughout the quarter," said Ned Segal, Twitter's CFO. "Advertisers continue to benefit from updated ad formats, improved measurement, and new brand safety controls, contributing to 32% year-over-year growth in ad revenue in Q1."

Total revenue is expected to be between $980 million and $1.08 billion in the second quarter of 2021.