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Twitter India posts Rs 32-cr loss in FY22, expenses rise to Rs 136 cr



Microblogging platform Twitter’s Indian arm recorded a lack of round Rs 32 crore within the monetary 12 months which ended on March 31, 2022, based on paperwork sourced by enterprise intelligence platform Tofler.


India, which lately laid off over 160 staff, had posted a revenue of Rs 7.76 crore within the monetary 12 months 2020-21.


The doc reveals that worker bills of the corporate had jumped over three-fold to Rs 136.81 crore in the course of the reported fiscal from Rs 43.25 crore in 2020-21.


India’s income, nevertheless, jumped by about 82 per cent to Rs 156.75 crore in FY22 from Rs 86.36 crore within the previous fiscal.

(Solely the headline and film of this report could have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)



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