Bloomberg: Social network X's ads revenue falls from $4B to $2.5B

"X made slightly more than $600 million from advertising in each of the first three quarters of this year; comparable figures are anticipated for the current quarter... In contrast, the corporation made more than $1 billion every quarter in 2022," the newspaper writes.

Sources claim that 70–75% of X's entire revenue comes from ad revenues.

The Washington Post earlier noted that the company started losing sponsors and revenue since American billionaire and entrepreneur Elon Musk acquired X.

source: bloomberg.com