X's Revenue Surges, Despite Net Loss
Update: 2025-12-12
Description
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.
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