Re:xAI has acquired X, xAI now valued at $80B
by fastball on Saturday March 29, 2025 @01:16AM
(#43512953)
Isn't X more profitable than Twitter was?
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Re:xAI has acquired X, xAI now valued at $80B
by kacesensitive on Saturday March 29, 2025 @01:34AM
(#43513039)
Yeah it is more profitable but revenues are way down.
In 2021, the last full year before Musk's acquisition, Twitter generated $5.08 billion in revenue.
Under Musk's ownership, X's revenue has declined significantly. In 2024, X reported $2.7 billion in revenue, which is nearly half of its pre-acquisition level. For 2025, global ad revenue is projected to grow to $2.26 billion, marking its first annual increase since the acquisition.
So yes on paper, X is more profitable than Twitter was before the acquisition. Its 2024 adjusted EBITDA nearly doubled Twitter’s best year, despite a much smaller revenue base. But whether that profitability is sustainable or comes at too high a cost—strategically, reputationally, and culturally—remains an open question.
Re:xAI has acquired X, xAI now valued at $80B
by raydev on Saturday March 29, 2025 @03:27AM
(#43513539)
You didn't actually show profitability here. I think if it were actually profitable, Musk would've hyped it up.