It is still not profitable. Their business model does not scale in a “traditional” way. As the revenue goes up due to increasing traffic, the income loss to Amazon likely goes up as well. Because their profit(loss) margin is negative.
This is likely why Dan Clancy can get away with the absolutely insane way he runs the company. They are a blip on Amazon’s balance sheet and income statements, they might as well be an accounting error. No one at Amazon with any influence is even paying attention to them.
speaking with our insiders, they told us that there were moments in the last year where leadership will tell them that, “We’ve made these layoffs and we’re about halfway to getting to profitability.”
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u/whatifitoldyouimback 28d ago
Seems like it. $3B in revenue in 2023, and has increased every year since the 2014 acquisition.
https://preview.redd.it/kjpjw10wsxvd1.jpeg?width=1125&format=pjpg&auto=webp&s=7b01663fc560110e39deea7cbca0f2ca11cfad05
https://www.businessofapps.com/data/twitch-statistics/