The more important distinction it seems is how much of your sales is marginal profit, how your revenue scales, and the growth potential. If you have very high

The more important distinction it seems is how much of your sales is marginal profit, how your revenue scales, and the growth potential. If you have very high fixed costs, but the profit from each additional subscription is ~90%, and you have a clear path to growth - your future profits could be ridiculous. Netflix is selling non-durable goods with insane marginal profits. In this way, it isn't much different than a software company - like Microsoft in the 90s. The distinction between whether you are selling software or NFTs, streaming videos, or ads seems less relevant.