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They appear to be talking revenue, not profit, so I'm confused. Trying to do the math... 750K x $60 = $45M, not $18M 750K x $45 = $33M, not $18M

by pdx 15y ago

They appear to be talking revenue, not profit, so I'm confused. Trying to do the math... 750K x $60 = $45M, not $18M 750K x $45 = $33M, not $18M 750K x $5 = $3.7M, not $18M So, they're not using monthly income data and they're not using annual either, apparently. I guess we can assume that their average account life is 18/45 = 4.8 months?

milesskorpen 15y ago
It is possible that they are making $18M this year and just hit 750k users. In which case, growth is skewing things. So if they had 500k users a year ago, many of the new users might still be on monthly plans, without bring the account life down that low.