Key Highlights:
- Elon Musk is aiming to boost Twitter’s annual revenue to $26.4 billion by 2028, up from $5 billion last year.
- Elon Musk aims to increase Twitter’s cash flow to $3.2 billion in 2025 and $9.4 billion in 2028.
- Elon anticipates to increase Twitter’s average revenue per use to $30.22 in 2028 from $24.83 last year. Furthermore, he expects to increase in the employee from 7500 to 11,072 by 2025.
On April 4, 2022, the renowned Tesla Owner, Elon Musk brought 9.1% of Twitter for $2.65 billion. Later, On 25 April, Twitter confirmed that the company will be acquired by Tesla CEO and billionaire in a deal worth $ 44 billion. The deal will be completed by the end of the 2022 and once the deal is complete it will be a privately held company.
Recently, on 8 May, New York Time reported, Elon Musk is aiming to boost Twitter’s annual revenue to $26.4 billion by 2028, up from $5 billion last year. According to the report, under Musk, advertising will reduce down to 45% of total revenue which will be down from about 90% in 2020. This will further generate revenue of $ 12 billion in 2028. Also, there will be addition of $10 billion from subscriptions.
Boost in the Twitter Revenue
According to a newspaper report, Elon Musk aims to increase Twitter’s cash flow to $3.2 billion in 2025 and $9.4 billion in 2028. During the confirmation last month, Elon Musk promised that he will revitalized the company and expand the user based by eliminating the spam bots and reducing the amount of moderation to facilitate more free speech.
Once the deal is completed, Musk will become the temporary CEO of the Twitter. According to the reports in New York Times, Elon Musk is planning to bring in $ 15 million from payments business in 2023 that will grow to about $1.3 billion by 2028. He anticipates to increase Twitter’s average revenue per use to $30.22 in 2028 from $24.83 last year. Furthermore, he expects to increase in the employee from 7500 to 11,072 by 2025. The New York Times reported, by 2025, revenue from Twitter Blue, the company’s premium subscription service launched last year, is expected to have 69 million users.
