Missed

Twitter roughly cash-flow break-even in 2023 (missed)

Elon Musk promised Twitter roughly cash-flow break-even in 2023 by the end of 2023. The deadline passed and it didn't happen.

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“I think we will be about, hopefully, sort of roughly cash flow break even. That's what I expect for next year”
— Elon Musk · Dec 21, 2022 · Twitter Spaces: Twitter's software stack with George Hotz (December 21, 2022), video, ~00:35:52 00:35:52 ↗
Video: Twitter Spaces: Twitter's software stack with George Hotz (December 21, 2022), video, ~00:35:52
▶ WATCH HIM SAY IT @ 00:35:52 — TWITTER SPACES: TWITTER'S SOFTWARE STACK WITH GEORGE HOTZ (DECEMBER 21, 2022), VIDEO, ~00:35:52
What actually happened

In July 2023, more than halfway through the year, Musk said Twitter's cash flow was still negative because of a ~50% drop in advertising revenue and a heavy debt load. No break-even for 2023 was reported. Reuters: Musk says Twitter's cash flow still negative as ad revenue drops 50% (Jul 2023) ↗

The Progression

Dec 21, 2022
The promise: “I think we will be about, hopefully, sort of roughly cash flow break even. That's what I expect for next year” · Twitter Spaces: Twitter's software stack with George Hotz (December 21, 2022), video, ~00:35:52 00:35:52 ↗
Dec 31, 2023
Deadline passed. In July 2023, more than halfway through the year, Musk said Twitter's cash flow was still negative because of a ~50% drop in advertising revenue and a heavy debt load. No break-even for 2023 was reported. Reuters: Musk says Twitter's cash flow still negative as ad revenue drops 50% (Jul 2023) ↗
Today · Oct 12, 2026
Status: Missed · 1,016 days past due. Never happened.

In a December 2022 Twitter Spaces with George Hotz, Elon Musk said he expected Twitter to be roughly cash-flow break-even in 2023. In July 2023 he said cash flow was still negative.

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