Elon Musk’s public backlash continues to grow, thanks to his entry into the world of politics and close partnership with Donald Trump.
Despite all the criticism he continues to receive every month, the latest financial news from the company displays how X still raises money and did exceed revenue estimates last quarter. This is great news for Musk and his team of executives who never had the best start.
However, the bad news remains that the financial struggles for the app aren’t ending anytime soon. The latest data revealed that the company’s debt is huge and despite making funds, it’s still projected to see major loss in 2025.
As per the latest report from Bloomberg, some banks that gave the tech billionaire funds to buy Twitter are now looking for a payback soon. This is where we’ve got more insights about the struggles of X, thanks to the report.
The figures for adjusted earnings are $1.2 billion before you take matters like taxes, depreciation, and interest into consideration. This includes nearly $400M of EBITDA across a revenue of $710M in the last three months of 2024. This is a rise from that seen in the last two quarters that shows how the election-based bump for the app really grew to a new high.
Bloomberg explained how the $1.2 billion earnings are flat from the time before Musk took ownership of the platform. Now that’s great for X but the high rates of interest are impacting the company for that debt that Musk took on to buy the platform.
While taking these loans, Musk also bombarded the app with a huge debt of $1.2B in terms of interest payments every year. So this suggests how X made zero revenue in 2024 even after removing 80% of the workforce and reducing costs wherever possible.
This does not leave much space for the app to get better other than relying on selling ads. Thanks to the owner’s distinctive and very vocal approach to topics, that again is not a strength. It still remains a hard selling point for many companies not willing to invest more.
The tech billionaire is motivating staff members to work harder and give it their all. One staff email had him sharing stagnant user growth and unimpressive figures for revenue where they still can’t break even. This is clearly in line with the above mentions about X’s finances. However, Elon Musk fails to admit that he ever sent that message out to staff.
Image: DIW-Aigen
Read next: Is the Old Facebook Coming Back? Zuckerberg Teases Major 2025 Transformation!
Despite all the criticism he continues to receive every month, the latest financial news from the company displays how X still raises money and did exceed revenue estimates last quarter. This is great news for Musk and his team of executives who never had the best start.
However, the bad news remains that the financial struggles for the app aren’t ending anytime soon. The latest data revealed that the company’s debt is huge and despite making funds, it’s still projected to see major loss in 2025.
As per the latest report from Bloomberg, some banks that gave the tech billionaire funds to buy Twitter are now looking for a payback soon. This is where we’ve got more insights about the struggles of X, thanks to the report.
The figures for adjusted earnings are $1.2 billion before you take matters like taxes, depreciation, and interest into consideration. This includes nearly $400M of EBITDA across a revenue of $710M in the last three months of 2024. This is a rise from that seen in the last two quarters that shows how the election-based bump for the app really grew to a new high.
Bloomberg explained how the $1.2 billion earnings are flat from the time before Musk took ownership of the platform. Now that’s great for X but the high rates of interest are impacting the company for that debt that Musk took on to buy the platform.
While taking these loans, Musk also bombarded the app with a huge debt of $1.2B in terms of interest payments every year. So this suggests how X made zero revenue in 2024 even after removing 80% of the workforce and reducing costs wherever possible.
This does not leave much space for the app to get better other than relying on selling ads. Thanks to the owner’s distinctive and very vocal approach to topics, that again is not a strength. It still remains a hard selling point for many companies not willing to invest more.
The tech billionaire is motivating staff members to work harder and give it their all. One staff email had him sharing stagnant user growth and unimpressive figures for revenue where they still can’t break even. This is clearly in line with the above mentions about X’s finances. However, Elon Musk fails to admit that he ever sent that message out to staff.
Image: DIW-Aigen
Read next: Is the Old Facebook Coming Back? Zuckerberg Teases Major 2025 Transformation!
