How Much Annual Revenue Can Meta's New App Threads Generate? Analysts Have An Answer
Portfolio Pulse from Anusuya Lahiri
Evercore ISI analysts estimate that Meta Platforms, Inc's Threads app will generate approximately $8 billion in annual revenue over the next two years from nearly 200 million daily active users. This surpasses Twitter's $5.1 billion in sales and revenue earned in its last full year as a public company. However, KeyBanc Capital Markets anticipates that Threads will have a limited immediate financial impact as Meta focuses on adoption rather than monetization.
July 11, 2023 | 11:11 am
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POSITIVE IMPACT
Meta's Threads app is expected to generate significant revenue, surpassing Twitter's annual revenue. However, the immediate financial impact may be limited as Meta prioritizes user adoption over monetization.
The news is directly related to Meta and its new app, Threads. The predicted revenue generation from Threads is significant, indicating a potential positive impact on Meta's stock. However, the focus on user adoption over immediate monetization may limit the short-term financial impact.
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