X Premium+ Subscription Price Soars to $229 in 2024 Amid User Exodus and Revenue Shift
December 23, 2024Effective December 21, 2024, the annual subscription cost for X Premium+ will increase from $168 to $229 for new subscribers.
This price hike marks the largest increase for U.S. subscribers since Elon Musk's acquisition of the platform in 2022.
The increase is part of a strategy to support a revenue-sharing model for content creators, linking their earnings to their contributions.
Despite the rise in Premium+ costs, the basic X subscription tier remains unchanged at $3 per month.
X has seen a loss of 2.7 million active users in recent months, with many migrating to competing platforms like Bluesky and Threads.
This user exodus, combined with a significant drop in advertising revenue, has prompted the need for increased subscription fees.
X justifies the Premium+ price increase by highlighting benefits such as an ad-free experience, access to advanced features like Radar and Grok AI, and support for its Creator Program.
The Premium+ subscription also includes features like prioritized replies in threads and the ability to write and share entire articles.
Price adjustments for subscriptions made through X's website will vary by region, with some countries experiencing drastic increases.
In Nigeria, for instance, the Premium+ cost will surge from under $5 to $22, reflecting one of the highest increases globally.
As X shifts its revenue model towards subscriptions, the impact on user adoption of its premium features remains uncertain.
Musk's strategy emphasizes subscriptions as a primary revenue source, moving away from a heavy reliance on advertising.
Summary based on 9 sources
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Sources
The Verge • Dec 23, 2024
X raises Premium Plus subscription pricing by almost 40 percentMashable • Dec 23, 2024
Elon Musk's X raises Premium+ subscription to $22 per monthCNET • Dec 23, 2024
X Premium Plus Plan Jumps to $22 a Month