<ul><li>Twitter Communications India Private Limited, the Indian subsidiary of X (formerly Twitter), has witnessed a 90% decline in both revenue and profit for the financial year ending March 2024.</li><li>The decline is primarily attributed to a downturn in the ads business.</li><li>The company reported a net profit of Rs 3.2 crore in FY24, a significant drop from Rs 30.5 crore in the previous year.</li><li>Operating revenue for the fiscal year was Rs 21.2 crore, down from Rs 207.7 crore in the previous year.</li></ul>

X’s Indian subsidiary sees 90% plunge in FY24 revenue, profit as ad business falters

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