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This one will be interesting. On the one hand, still hugely profitable. An operating margin of 29% is insane. On the other hand, people expect growth and no rev
by UncleMeat 4y ago
This one will be interesting. On the one hand, still hugely profitable. An operating margin of 29% is insane. On the other hand, people expect growth and no revenue growth and a large drop in income is definitely not what investors want to see.
- samspenc 4y agoThe interesting thing is they were operating at more than 40% profit margins for years now. A drop to 29% margins [1] is actually pretty significant and puts it in line with profit margins at most other larger tech firms, and not at the top of the market anymore. [1] Looks like this is pre-tax? I'm calculating 25% post-tax margins.
- colinmhayes 4y agoThey lost 3 billion on their metaverse play. Remove that from the equation and their margins are still bonkers