Twitter 'confident' about doubling revenues in next 2 years - CFO

Friday, 26. February 2021 01:44

Twitter Chief Financial Officer (CFO) Ned Segal claimed on Thursday the tech giant is determined to double its 2020 revenues by the end of 2023, adding the company "got a lot of confidence in our strategy" designed to deliver on that target.

Twitter also believes it is likely to achieve a goal of having 315 million daily active users in two years, eyeing a growth of more than 100% compared to 152 million recorded in 2019, he underscored.

"We've been executing much faster, and we've got a clear path ahead of us with tons of people who still don't use Twitter and over $150 billion of addressable market for digital ads that can come to Twitter," Segal told CNBC.

Related Links: Twitter Inc.
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