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> $12B/year can pay for a lot of $300K/year salaries. Of course out of those $12bn, 7-8 will go to cost-of-goods-sold (buying or making the content they serve
by MagnumOpus 9y ago
> $12B/year can pay for a lot of $300K/year salaries.
Of course out of those $12bn, 7-8 will go to cost-of-goods-sold (buying or making the content they serve up). Still, 3-4bn of gross income pays for quite a few engineers.
- adventured 9y agoTheir latest quarter: $2.98 billion sales, $991m gross profit, $208m operating income Tracking toward $11.75b - $12b in sales for fiscal 2017, with a mere ~3,400 employees or so. They've historically had relatively slim margins (especially in the streaming business), probably explains the very thin employee base versus the sales.