X Premium+ Subscription Price Soars to $229 in 2024 Amid User Exodus and Revenue Shift

December 23, 2024
X Premium+ Subscription Price Soars to $229 in 2024 Amid User Exodus and Revenue Shift
  • Effective 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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