Elon Musk stated that it can increase the annual income of Twitter to $26.4 billion in 2028, from $5 billion last year, the New York Timeswhich cited a report submitted by the world’s richest man to investors.
Advertising will drop to 45% of total revenue under Musk, from 90% in 2020, but will generate $12 billion in revenue in 2028, while subscriptions would bring in $10 billion, according to the document.
Musk also expects $69 million in revenue from Twitter Blue subscriptions, the NYT reported.
Musk could not immediately be reached for comment. Twitter did not immediately respond to a Reuters request for comment.