Elon Musk's X Holdings is undergoing a significant transformation, evolving from a social media platform heavily reliant on mainstream advertisers to a platform centered around artificial intelligence and subscription-based revenue streams. This shift appears to be fueling substantial revenue growth. According to promotional materials shared with potential new debt investors, the platform (formerly known as Twitter) generated $91 million in data licensing and subscription revenue in February, marking a 32% increase year-over-year. In contrast, while advertising revenue did increase, the rate of growth was modest at just 4%.
