X.
Formerly known as "Twitter", X is a microblogging and social networking service on which users post and interact with messages.
Launch date
Employees
Market cap
€37.4b
Enterprise valuation
€37.9b (Public information from Mar 2023)
Company register number 07653064
San Francisco California (HQ)
Corporate Venture Fund: Twitter Ventures
Financials
Estimates*
USD | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | 2.4b | 3.0b | 3.5b | 3.7b | 5.1b | 6.0b | 7.4b |
% growth | (3 %) | 25 % | 14 % | 7 % | 37 % | 19 % | 22 % |
EBITDA | 863m | 1.2b | 1.2b | 997m | 682m | 1.5b | 1.9b |
% EBITDA margin | 35 % | 39 % | 35 % | 27 % | 13 % | 24 % | 26 % |
Profit | (108m) | 1.2b | 1.5b | (1.1b) | (221m) | (95.0m) | 130m |
% profit margin | (4 %) | 40 % | 42 % | (31 %) | (4 %) | (2 %) | 2 % |
EV / revenue | 6.2x | 6.0x | 6.2x | 10.8x | 6.4x | 4.2x | - |
EV / EBITDA | 17.6x | 15.3x | 17.8x | 40.1x | 47.4x | 17.3x | - |
R&D budget | 600m | 648m | 793m | - | - | - | - |
R&D % of revenue | 25 % | 21 % | 23 % | - | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- |
| N/A | - |
$400m | Series G | ||
N/A | $400m | Secondary | |
N/A | $2.1b Valuation: $24.6b | IPO | |
$1.0b | Post IPO Equity | ||
* |
| $44.0b Valuation: $44.0b 8.7x EV/LTM Revenues 64.5x EV/LTM EBITDA | Acquisition |
Total Funding | €691m |
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ACQUISITION by X. Jan 2015
ACQUISITION by X. May 2011
exited
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ACQUISITION by X. Aug 2013
ACQUISITION by X. Apr 2014
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ACQUISITION by X. Apr 2010