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 | - | |
$5.0m | Series A | ||
$15.0m | Series B | ||
$35.0m | Series C | ||
$100m | Series D | ||
| N/A | $5.2m | Series E | |
$200m | Series F | ||
$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
ACQUISITION by X. Mar 2014
ACQUISITION by X. Aug 2013
ACQUISITION by X. Apr 2014
ACQUISITION by Nutanix Mar 2024
ACQUISITION by X. Nov 2008
ACQUISITION by X. Jun 2014
ACQUISITION by X. Apr 2010