Elon Musk thinks Twitter has “a shot at being cash flow positive next quarter.”
He gave a high-level update on the state of the company’s financial health during an interview at a conference hosted by Morgan Stanley.
Twitter is currently expecting to make $3 billion in revenue this year and is spending $1.5 billion annually in addition to the $1.5 billion in debt payments it owes, according to Musk. For comparison, Twitter was on track to report about $5 billion in revenue for 2022 before Musk bought it. Its costs were $2.8 billion during just the first half of last year, which implies that he has slashed spend by more than 70 percent.