X (aka Twitter) is making $600 million per quarter in ad revenue and this is 70% of total revenue. This is $3.4 billion annually.
Elon Musk had said expenses were about $2 billion per year and another $1 billion per year for debt servicing. This was after cutting excess staff and other expenses.
The total comes to $857 million (600/70%) per quarter, including subscription revenues, amounting to $3.4 billion annually. This represents a 14% decrease in revenue compared to the previous earnings of Twitter. However, since Elon Musk's cost-cutting measures, there should be an…
— Elie Messo (@ElieMesso) December 12, 2023
Right. iirc, Elon had said expenses were about $2B/yr plus about $1B/yr in debt service. So they should be near breakeven based on these revenue estimates. Once the debt gets paid down, their profits will be substantial, even if they don’t grow the business, which I expect they…
— J (@jaaron31) December 12, 2023
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