Revenue at the company, formerly known as Twitter, grew in the high-single digit percentage during the third quarter compared to the second quarter, the source said.
The size of X's revenue, which includes money earned through advertising, subscriptions and data licensing, could not be learned.
The company's U.S. ad revenue has declined each month on a year-over-year basis since Musk's acquisition, according to data from ad analytics firm Guideline, which tracks ad spending data from major ad agencies.
In the meeting, Yaccarino said the company's revenue drivers would include political ads, as the company lifted a pre-acquisition global ban on such ads, according to the source.
X will also focus on serving more small and medium-sized advertisers, which Yaccarino described during the meeting as a major growth opportunity, the source said.
Persons:
Carlos Barria, Linda Yaccarino, Musk, Yaccarino, Sheila Dang, Sandra Maler
Organizations:
REUTERS, Elon, Reuters, Revenue, Twitter, U.S, U.S . Securities, Exchange Commission, Thomson
Locations:
San Francisco , California, U.S, Austin