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A pitch deck presented by Elon Musk to investors reveals that the billionaire hopes to boost Twitter’s annual revenue to $26.4 billion by 2028, a $5 billion increase from last year.
The report reveals that advertising will fall to 45% of total revenue once Musk owns the company, a 90% decrease from 2020. This would bring in $12 billion in revenue by 2028, while subscriptions would generate an additional $10 billion.
Additionally, Musk hopes to boost Twitter’s cash flow to $3.2 billion in 2025 and $9.4 billion in 2028. He expects that he can help boost Twitter’s average revenue per user to $30.22 in 2028, which is an increase from the $24.83 seen last year.
Musk also anticipates Twitter’s workforce to grow from 7,500 to 11,072 by 2025.
Tesla’s CEO also increased his financing commitment to $27.25 billion from $21 billion, while a margin loan connected to his Tesla stock from Morgan Stanley will be reduced to $6.25 billion.
Just last month, it was revealed that Musk would purchase the social media giant for $44 billion, a stark shift in what started as a meme-like offer to take over the company.
Just last month, it was revealed that Musk would purchase the social media giant for
