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Their multiple is probably low because it looks like the business is shrinking: $764m in 2013, $726m in 2014, and $667m in 2015. I might be overgeneralizing, bu
by lpolovets 10y ago
Their multiple is probably low because it looks like the business is shrinking: $764m in 2013, $726m in 2014, and $667m in 2015. I might be overgeneralizing, but it even looks like revenue is shrinking at an accelerating pace.
- _pmf_ 10y ago> I might be overgeneralizing, but it even looks like revenue is shrinking at an accelerating pace. German here; they have ads everywhere; maybe they just spend too much at the moment.
- smeyer 10y ago>they have ads everywhere; maybe they just spend too much at the moment. But the parent commenter was worrying about shrinking revenue, not profit. If anything, an overly aggressive advertising campaign should grow revenue while shrinking profit.
- Kurtz79 10y agoRevenue it's not profit, and it's something that should be almost always positively correlated with advertising.