Twitter isn’t collapsing, but it’s hardly more profitable. In fact, the last numbers we know about them show >50% drop in revenue.
We don't have exact insights to X.com's books, but we have credible reports from the Financial Times that they produced over a billion dollars in ebitda in 2024. This is completely possible with a 50% revenue drop. They laid off 80% of the company, something like 6,000 people.
I’m not sure about profit, but I do know that Twitter made $1.4B in profit in 2019 according to their SEC filings.
If the GAAP income is negative, the company lost money last year. End of story.