{"id":61424,"date":"2023-12-13T15:17:51","date_gmt":"2023-12-13T15:17:51","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/12\/13\/what-x-needs-most-now-is-for-snap-to-post-a-solid-q4-techcrunch\/"},"modified":"2023-12-13T15:17:51","modified_gmt":"2023-12-13T15:17:51","slug":"what-x-needs-most-now-is-for-snap-to-post-a-solid-q4-techcrunch","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/12\/13\/what-x-needs-most-now-is-for-snap-to-post-a-solid-q4-techcrunch\/","title":{"rendered":"What X needs most now is for Snap to post a solid Q4 | TechCrunch"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<div class=\"article__featured-image-wrapper breakout\">\n\t\t\t\n\t\t<\/div>\n<\/p><\/div>\n<div>\n<p id=\"speakable-summary\"><span class=\"featured__span-first-words\">Not a day<\/span> goes by without some drama involving <del>Twitter<\/del> X.<\/p>\n<p>According to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-12-12\/musk-s-x-2023-ad-sales-projected-to-slump-to-about-2-5-billion\" target=\"_blank\" rel=\"noopener\">a recent report by Bloomberg<\/a>, X\u2019s ad revenue is expected to fall to $2.5 billion in 2023, and X is disputing the news, calling it incomplete. Still, the report\u2019s numbers line up neatly with what X\u2019s owner said earlier this summer.<\/p>\n<hr\/>\n<p style=\"text-align: center;\"><strong><em>The Exchange explores startups, markets and money. <\/em><\/strong><\/p>\n<p style=\"text-align: center;\"><strong><em>Read it <a href=\"https:\/\/techcrunch.com\/subscribe\/?tpcc=theexchange\" target=\"_blank\" rel=\"noopener\">every morning on TechCrunch+<\/a> or get <a href=\"https:\/\/techcrunch.com\/newsletters\/?utm_source=internal&amp;utm_medium=WPunit\" target=\"_blank\" rel=\"noopener\">The Exchange newsletter<\/a> every Saturday.<\/em><\/strong><\/p>\n<hr\/>\n<p>So, to form our own opinions about this matter, let\u2019s take the new information, <a href=\"https:\/\/techcrunch.com\/2023\/10\/31\/does-xs-new-valuation-make-sense\/\" target=\"_blank\" rel=\"noopener\">bundle it with what we already know<\/a> and stack all that against the company\u2019s <a href=\"https:\/\/techcrunch.com\/2023\/10\/30\/why-did-twitter-xs-valuation-tank-56-in-one-year\/\" target=\"_blank\" rel=\"noopener\">most recent internal valuation<\/a>. We\u2019ll also revisit our previous look at Snap, another social network that is close-ish to X in scale and worth, to compare the two companies.<\/p>\n<p>The question today is whether or not X\u2019s revenues and valuation square up, so let\u2019s dive in!<\/p>\n<h2>What\u2019s new?<\/h2>\n<p>The Bloomberg <a href=\"https:\/\/finance.yahoo.com\/news\/musk-x-2023-ad-sales-205552317.html?.tsrc=fin-srch\" target=\"_blank\" rel=\"noopener\">report<\/a> pegs X\u2019s advertising revenue at \u201ca little more than $600 million\u201d in each of the the first three quarters of the year, and cited sources as saying that a similar result is expected in the fourth quarter. Those figures account for \u201c70% and 75%\u201d of the company\u2019s revenue, which would mean total revenue for the year is likely to land between $3.2 billion and $3.4 billion approximately.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/techcrunch.com\/2023\/12\/13\/what-x-needs-most-now-is-for-snap-to-post-a-solid-q4\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Not a day goes by without some drama involving Twitter X. According to a recent report by Bloomberg, X\u2019s ad revenue is expected to fall to $2.5 billion in 2023, and X is disputing the news, calling it incomplete. Still, the report\u2019s numbers line up neatly with what X\u2019s owner said earlier this summer. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":61425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-61424","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/61424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=61424"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/61424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/61425"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=61424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=61424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=61424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}