Twitter said it expects to double annual revenue to at least $7.5 billion and reach 315 million users in 2023, sending its shares up more than 8%.
In an announcement ahead of its investor presentation on Thursday, Twitter said it will increase the number of features it launches to increase revenue and users.
The social media network has struggled to add features as quickly as larger rivals like Facebook and smaller viral apps like ByteDance's TikTok.
Twitter said in a filing it expects to reach at least 315 million monetizable daily active users or users who see ads, by the fourth quarter of 2023.
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