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No net revenue is still the top line number (just minus some things like allowances or some other artifact or exception). Profit is the bottom line.
by master_crab 2mo ago
No net revenue is still the top line number (just minus some things like allowances or some other artifact or exception). Profit is the bottom line.
- derdi 2mo agoBut then what does it mean when the FT writes that that "revenue" number already accounts for the 15 billion losses? That the FT doesn't use these terms correctly either, and we can't really know what its reporting means?
- master_crab 2mo agoThat’s the correct usage. Revenue includes gains and losses. Profit will take that number and subtract out the operational costs (salaries, market data subs, etc).