X's Revenue Surges, Despite Net Loss

Elon Musks X, formerly Twitter, reported a 17% increase in Q3 revenue, reaching $752M, with total sales surpassing $2B for the first nine months. Despite rising sales, X incurred a $577.4M net loss due to restructuring costs. However, EBITDA, a key profit measure, rose 16% to $454M, indicating potential financial recovery.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.