5 ms·
My guess is that they aren't profitable at all.
by spullara 4y ago
My guess is that they aren't profitable at all.
- hn_acc_2 4y agoYour guess is wrong, their Q2 revenue this year was reported $444M
- tpxl 4y agoRevenue is not profit. Revenue - expenses is profit. You can pump your revenue as high as you want by selling dollar bills for 90 cents.
- hn_acc_2 4y agoObviously this is true but CK doesn't sell dollar bills for 90 cents.
- spullara 4y agoRevenue != Profit
- hn_acc_2 4y agoYes..... and the only way a $444M quarterly revenue company "aren't profitable at all" is if their costs are >$444M / quarter. That's what my comment was getting at. Does GP really think a business like CK costs that much to run?
- gpapilion 4y agoCredit Karma provided intuit with $475m in revenue for its Q4’22 earnings. Inuit posted a loss but I suspect credit karma was break even or slightly profitable. https://s23.q4cdn.com/935127502/files/doc_financials/2022/q4/FQ4-2022-Earnings-Script.pdf https://s23.q4cdn.com/935127502/files/doc_financials/2022/q4...
- throwaway98797 4y agoa single credit conversion is worth $200-$400 for them, with nearly non existent marginal cost. they do alright.