X Corp., formerly known as Twitter, has reached an exciting financial milestone—profitability. Under the leadership of Elon Musk, the social media company has shown strong financial growth, recently reporting approximately $710 million in revenue for the last quarter of 2024. This achievement marks a significant turning point for the company as it continues to innovate and evolve in the digital landscape.
One of the biggest changes contributing to X Corp.’s success has been its shift toward new revenue streams. Since acquiring the company, Musk has introduced features like premium subscriptions, creator monetization, and an updated advertising model that focuses on giving businesses better engagement. According to an article by WPN, these adjustments have allowed X to diversify its income, reducing its reliance on traditional ads while improving the platform’s overall user experience.
Additionally, X Corp. has optimized its financial structure to become more efficient. By streamlining operations, making key personnel decisions, and enhancing platform capabilities, the company has managed to increase its earnings before interest, taxes, depreciation, and amortization (EBITDA) to around $400 million. This strong performance signals a promising future for the platform as it continues to build momentum.
Looking ahead, X Corp. remains focused on growth and innovation. With new developments in AI-powered content discovery, user-driven features, and business-friendly tools, the platform is poised to continue its upward trajectory. As more businesses and creators embrace X as a key tool for communication and commerce, the company’s future looks bright under Musk’s leadership.
