Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian Prisoners' Information Office: Four of his ribs were broken
Palestinian Prisoners' Information Office: Marwan al-Barghouti lost consciousness after a brutal assault by Israeli occupation soldiers
Al Mayadeen's correspondent: Israeli violations in the Gaza Strip have not stopped, and just a short while ago, fishermen came under fire from boats
Al Mayadeen's correspondent: Israeli occupation forces carry out a large explosion in the eastern neighborhood of the town of Mays al-Jabal in southern Lebanon.
Israeli media: Israeli political leadership decides to open Rafah crossing “as planned” and transfer aid to Gaza Strip.
Palestinian media: Three Palestinians were killed after being targeted by Israeli drone fire in the al-Shujaiya neighborhood east of Gaza City
Nicolas Maduro: The Palestinian cause is the most sacred cause for humanity, and we propose sending teams of builders, farmers, and doctors to Gaza to help the people
Al Mayadeen's correspondent in Lebanon: IOF infiltrate Khallet Wardeh towards the municipality in the town of Aita al-Shaab, south of Lebanon.
Leaders of the United States, Egypt, Qatar, and Turkey sign a ceasefire agreement in Gaza.
Trump arrives in Sharm el-Sheikh

Twitter accuses Elon Musk, bearish ad market for losses in revenues

  • By Al Mayadeen English
  • Source: Agencies
  • 22 Jul 2022 19:26
3 Min Read

The group saw its turnover decline over one year (-1%), to 1.18 billion dollars, and recorded a net loss of 270 million dollars.

  • x
  • Twitter accuses Elon Musk and bearish ad market for losses in revenues
    Twitter accuses Elon Musk and bearish ad market for losses in revenues

Twitter recorded results in the second quarter that were significantly below expectations and attributed this decline to the legal battle against Musk and to the "headwinds" in the advertising sector.

Analysts were expecting Twitter to grow revenues by around 10%, yet the losses ended up amounting to triple of what analysts expected.

Last quarter, Twitter’s revenue came in at $1.18 billion, a decline of 1% from the second quarter the year prior.

In an environment of tightening credit conditions and an economic slowdown, companies whose model is entirely based on advertising are suffering from shrinking advertising budgets.

Snap stock likewise fell more than 33% in early trading on Wall Street on Friday to nearly $10, a far cry from its 2017 IPO level of $17.

Related News

Chaos ticks on Twitter after Musk enforces free blue checkmarks

Elon Musk fires entire board of directors, becomes sole director

Analysts nonetheless welcomed the increase of 8.8 million in the number of so-called "monetizable" daily active users of Twitter, that is to say, those who can be exposed to advertising on the platform, for a total of 237,8 million. Twitter now has 237.8 million monetizable daily active users (mDAUs), up from 229 million last quarter.

Beyond an unfavorable economic situation for the entire sector, Twitter is also weakened by the saga of its hypothetical takeover by Elon Musk. After the renunciation of the contractor at the beginning of July, the case moved to legal grounds, where leaders now intend to force the billionaire to stick to its commitments. 

The tech mogul accused Twitter executives of having lied about the proportion of automated accounts and spam on the platform and of not having provided him with enough data for verification. The social media company disputes these assertions and criticizes Musk for using them as a diversion.

Analysts are now expecting growth in the advertising market to decelerate significantly in the coming months, as the economy responds to broader issues coming out of the pandemic, such as high inflation and supply chain problems.

Twitter makes the vast majority of its revenues from advertising, although it has tried to introduce a few subscription products in the past year to help diversify its business.

On Friday, Twitter said subscription and other revenue totaled $101 million, an increase of 7% year over year when excluding the sale of an ad tech firm called MoPub in January.

Read more: Twitter's 'poison pill' renders Musk takeover nearly impossible

  • Twitter vs. Musk
  • Twitter
  • Elon Musk

Most Read

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
drop site

New report details extensive Israeli arson in Gaza after ceasefire

  • Politics
  • 13 Oct 2025
Illustration of fists breaking shackles, representing the liberation of Palestinian detainees from Israeli prisons. (Illustrated by: AL Mayadeen English/Batoul Chamas)

4 prominent Palestinian detainees to be freed: Who are they?

  • Palestine
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
UK extends jet patrols over Poland as NATO builds ‘drone wall’
Politics

UK extends jet patrols over Poland as NATO builds ‘drone wall’

Thousands trapped in El Fasher siege on ‘edge of survival': Report
Politics

Thousands trapped in El-Fasher siege on ‘edge of survival': Report

Trump links aid to Milei’s midterm success, blackmailing Argentinians.
US & Canada

Trump 'extorts' Argentinians, links aid to Milei’s midterm success

Six foreigners barred as US polices speech on Charlie Kirk
Politics

6 foreigners' visas revoked as US polices speech on Charlie Kirk

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS