It’s still early days for an estimate, but Meta-platforms’ latest app, Threads, could generate significant cash flow for the social media giant in the next two years, according to Evercore.
Evercore analysts led by Mark Mahaney estimate that Threads will have close to 200 million daily active users and generate about $8 billion in annual revenue within two years.
Designed as a direct competitor to Elon Musk’s Twitter platform, more than 70 million users signed up for the new Instagram app in the first two days after Meta Platforms launched the service last Wednesday.
The expected revenue figure represents only a small part of the $156 billion average annual revenue that analysts expect Meta Platforms to achieve in fiscal 2025, according to figures compiled by Bloomberg, but it exceeds the $5.1 billion in revenue and sales achieved by Twitter. As a public company for the past full year.
Last year, Meta Platforms generated approximately $117 billion in revenue and more than 3 billion active users on its various social media applications.
As for “Twitter”, the most important platform competing with “Threads”, which has been controversial since it was acquired by Elon Musk last year, it recorded 237.8 million users in July 2022.
In a threat to “Twitter” .. “Meta” reveals the “Threads” application
2023-07-10 16:23:14
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