HomeBusinessX's Revenue Hits $30 Million in September

X’s Revenue Hits $30 Million in September

California (TDI): September 2024 saw some income growth for X (previously known as Twitter). As to App Intelligence’s estimations, X’s revenue climbed by 30% from Q2 to $30 million in September 2024.

When comparing X’s revenue from Q1 and Q2 of 2024, we can see it was exactly the same. That proves that Q3 was a profitable month for X.

Also read: Elon Musk to Achieve Trillionaire Status by 2027

The fact that a number of the advertisers have departed since Elon Musk took over the platform is one of the reasons why many people don’t understand how X is making this much money.

The straightforward response to this query is that X has converted several users into subscribers and has made some of its services paid for. This sets X apart from other social media apps and is the source of X’s income from app sales.

X's Revenue Hits $30 Million in September

Even yet, X is not making nearly as much money as applications that followed it and made parts of its features paid for, like Snapchat. After Q3, Snapchat brought in $100 million.

Also read: Elon Musk’s Leadership Effects on X Value

There will be an increase in the use of X as US election days get closer. Thus, X’s revenue may increase even further in 2024’s fourth quarter. So let’s see if X maintains its current momentum.

Sania Zahra
Sania Zahrahttps://thediplomaticinsight.com
A seasoned web content writer with a passion for crafting compelling narratives around the latest trends and news. Adept at producing engaging blog posts and captivating product descriptions. Driven by an insatiable curiosity and a flair for storytelling, eagerly seeking new opportunities to expand my writing horizons and contribute meaningfully to the ever-evolving literary landscape.

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