X in 2024 Doubled Highest Yearly Twitter Profits

The bounce back has been huge.  After all, just where were those advertising dollars going to land?  So sorry MSM.

And he plans for it to become a carrier for a paypal like banking service.

all this makes the service indispensible.  By the way, this can become a bullit proof service because it is entirely peer to peer.

X in 2024 Doubled Highest Yearly Twitter Profits

February 6, 2025 by Brian Wang

https://www.nextbigfuture.com/2025/02/x-in-2024-doubled-highest-yearly-twitter-profits.html

Advertisers all returned to X (previously Twitter) a few months before the November 2024 election. 2024 X profits were $1.25 billion which was about double the highest adjusted EBITDA of Twitter which was in 2021 at $682 million.

This means just holding onto the 2024 advertisers would give X a full year of around $2.5 billion in profits in 2025. There were likely more advertising signups in 2024. Returning to $5 billion in revenue like Twitter had in 2021 would give $3.4 billion in profit because expenses have been drastically cut. There is also about $1 billion in new subscription revenue that did not exist in 2021.

X will start X Payments soon which will give it Paypal like features, revenues and profits.

X has 25% of xAI. xAI currently has a valuation of $50 billion. X portion of xAI is worth $12.5 billion. xAI valuation will increase in 2025 with the release of Grok 3 this month and Grok 4 in the summer or fall. xAI valuation at $100 billion would mean $25 billion for the X portion.

SpaceX is starting Starlink direct to cellphone texting, voicecalls and low speed internet. X will be able to be used with Starlink cellphone on 1 billion or more cellphones in 2026.

X with $4 billion of EBIDTA per year in 2025 and potentially growing at a significant rate of 40% per year would justify a 40-50PE. This would be about $160 billion and the $25 billion for xAI 25% ownership. This would be about $185 billion or 4 times the $44 billion purchase price.