Elon Musk's social media platform, X (formerly known as Twitter), has reported a substantial 40% increase in revenue over the past year. This growth is attributed to a rise in the number of premium subscribers utilizing the platform's advanced features.
In addition to subscription revenue, X has benefited from additional income streams through its association with xAI. The artificial intelligence venture, xAI, has contributed to X's revenue by paying for data licensing fees, further boosting the platform's financial performance.
