Skip to main content
Tags: X | ad | sales | twitter | elon | musk

X's 2023 Ad Sales to Slump to $2.5 Billion

X's 2023 Ad Sales to Slump to $2.5 Billion

Tuesday, 12 December 2023 04:45 PM EST

Elon Musk's social media platform X's 2023 ad sales are projected to fall to about $2.5 billion, Bloomberg News reported on Tuesday.

Musk had last month cursed out advertisers that have left his social media platform over antisemitic content.

A representative for X told Reuters the report "presents an incomplete view of our entire business, as the sources Bloomberg relied on for information are not providing accurate and comprehensive details."

Several companies including Comcast and Walt Disney paused their advertisements on the platform after Musk last month agreed with a post on X that claimed Jewish people were stoking hatred against white people.

X, formerly known as Twitter, generated a little more than $600 million in advertising revenue in each of the first three quarters of the year, and is anticipating a similar performance in the current period, the Bloomberg report added citing people familiar with the matter.

Ad sales currently make up between 70% and 75% of X's total revenue, according to the report.

© 2024 Thomson/Reuters. All rights reserved.


GlobalTalk
Elon Musk's social media platform X's 2023 ad sales are projected to fall to about $2.5 billion, Bloomberg News reported on Tuesday. Musk had last month cursed out advertisers that have left his social media platform over antisemitic content.A representative for X told...
X, ad, sales, twitter, elon, musk
165
2023-45-12
Tuesday, 12 December 2023 04:45 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved