Hacker News new | ask | show | jobs
by nicce 671 days ago
What, is that really profit and not revenue?

Anyway, add the sum to calculated risk to do profits by reducing effort to do or use quality software and systems.

1 comments

It is indeed profit. They have a ~50% profit margin.
Their 2023 annual report does report an “adjusted EBITDA margin” of 47% for 2023. But their net income margin is 13%. They are borrowing money to upgrade their network for each new technology, so I think it’s fair to include depreciation and interest when measuring the profitability of their business.
It is indeed not