Elon Musk expects Twitter to be 'cash flow break-even' next year

FILE PHOTO: An image of Elon Musk is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Elon Musk said Twitter Inc is now on track to be "roughly cash flow break-even" next year, as the billionaire owner defended his deep cost-cutting measures at the social media platform.

Twitter was previously tracking toward a "negative cash flow situation of $3 billion per year" before the cost cuts, Musk said on Wednesday in a Twitter Spaces audio chat.