Twitter dodges Apple changes, sales up 22% in the fourth quarter

Twitter’s sales jumped 22 per cent in the fourth quarter, signalling that the social network’s digital advertising business has held up even as changes to Apple’s data-collection rules hurt some larger rivals. 

Sales in the holiday quarter rose to $1.57 billion, compared with the $1.58 billion analysts had predicted. Revenue in the current period will be $1.17 billion to $1.27 billion, Twitter said on Thursday in a statement, while the average projection was $1.26 billion. 

The company added 6 million new users in the fourth quarter, bringing average daily active users to 217 million. That’s up 13 per cent from a year