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A comment on Stripe tried to raise more funding at a $55B-$60B valuation. Parent comment

Re:Stripe tried to raise more funding at a $55B-$60B valuation by fastball on Saturday January 28, 2023 @05:18AM (#34556529)
How could a company like Stripe not be profitable with $12B revenue?
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Re:Stripe tried to raise more funding at a $55B-$60B valuation by papito on Saturday January 28, 2023 @05:28AM (#34556565)
Then why mention EBIDTA? It exists to basically say "we are bullshit artists and we are using creative accounting to LOOK profitable".
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Re:Stripe tried to raise more funding at a $55B-$60B valuation by hef19898 on Saturday January 28, 2023 @07:48AM (#34557147)
If you apply "creative" accounting to your EBITDA, you in the same group of companies like Enron.
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Re:Stripe tried to raise more funding at a $55B-$60B valuation by coffeebeqn on Saturday January 28, 2023 @11:22AM (#34558858)
Never forget that WeWork used “community adjusted” ebitda. So it can still get worse
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Re:Stripe tried to raise more funding at a $55B-$60B valuation by hef19898 on Saturday January 28, 2023 @04:53PM (#34562363)
That, and "Cash flow including funding" are my two favorite bullshit financial metrics!
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Re:Stripe tried to raise more funding at a $55B-$60B valuation by liveoneggs on Saturday January 28, 2023 @07:25AM (#34557022)
I am also confused how Stripe, who collects fees on billions and billions of transactions, could somehow not be a very very wealthy company.

However Block, Inc (formerly square) is also not profitable!

https://finance.yahoo.com/quote/SQ with EPS of -0.17

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Re:Stripe tried to raise more funding at a $55B-$60B valuation by dumbmachine on Saturday January 28, 2023 @08:31AM (#34557432)
Considering they are in the same segment, Adyen seems to be doing fine. EPS of 17.64 https://finance.yahoo.com/quote/ADYEN.AS/

Could be a result of smaller product suite and headcount of Adyen.

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Re:Stripe tried to raise more funding at a $55B-$60B valuation by jtc331 on Saturday January 28, 2023 @09:37AM (#34557838)
The vast majority of those fees flow through to payment networks and issuing banks.
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Re:Stripe tried to raise more funding at a $55B-$60B valuation by fastball on Saturday January 28, 2023 @11:47PM (#34565035)
I don't think it's the vast majority. Stripe charges ~2.9% + $0.30, and seems like Mastercard / Visa are probably taking around 1.15% + $0.05. So the vast majority should still be going to Stripe.
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Re:Stripe tried to raise more funding at a $55B-$60B valuation by MagicMoonlight on Saturday January 28, 2023 @05:12PM (#34562549)
It’s as easy as one, two, steal all the earnings and indebt the company before running away
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Re:Stripe tried to raise more funding at a $55B-$60B valuation by jtc331 on Saturday January 28, 2023 @09:36AM (#34557829)
Because most of that revenue actually gets passed straight through to the payment networks and issuing banks.
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Re:Stripe tried to raise more funding at a $55B-$60B valuation by coffeebeqn on Saturday January 28, 2023 @11:20AM (#34558850)
Volume != profit. Time to start learning some basic math for the CFOs after the fat years
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Re:Stripe tried to raise more funding at a $55B-$60B valuation by jiveturkey on Saturday January 28, 2023 @05:39PM (#34562772)
that’s not revenue that’s GMV
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