Irish arm of Elon Musk's X records loss of €240.5m after providing for €120m European Commission fine

Directors say 'the increased loss is primarily attributable to a €120m provision recognised in respect of the fine imposed by the European Commission on December 5th 2025'

X owner Elon Musk took the business private after his $44bn purchase in October 2022.

The Irish arm of Elon Musk’s X, formerly Twitter, recorded a pre-tax loss of €240.54m in 2024, mainly due to a €120m provision concerning a fine imposed by the European Commission last December.

New accounts filed by Dublin-based X Internet UC show the €240.54m pre-tax loss for 2024 is a 19% increase on the pre-tax loss of €202.5m for 2023.