I think that’s the point. Recurring but not subscription. It’s a minor difference in this scenario since you probably know with great confidence a % will recur.

I think that’s the point. Recurring but not subscription. It’s a minor difference in this scenario since you probably know with great confidence a % will recur. It’s just a weird wording distinction that made it a weak counter example of subscription revenue. Like if you pointed out that no American consumer has any obligation to shop at Walmart next month. But we know most will.