To state the obvious, total revenue does not tell you if a company is actually making money. If operating costs exceed revenue you lose money. It doesn't matter how much revenue you're making. Given the costs required to run twitch, they are likely still losing money, not making it. Losing money is not a viable business strategy.

I am aware that revenue is not profit, we are on HN after all.

While it is possible to run a company at a loss with extremely high revenue, contextually, you're making excuses for a company that could easily keep running with 2.8 Billion dollars yearly.

It's likely that after they extract more money from creators they will increase their spend more to maintain operating at a loss.

If your claim is "2.8 billion in revenue is enough to run twitch profitably", I'd love to see the numbers backing that up. What's the cost of serving videos, acquiring advertisers, etc.

Otherwise it's just wild speculation.

If you were looking at the product and that number reasonably, you would realize that it doesn't take wild speculation.

Revenue != profit

If you're making 2.8 billion in Revenue with no profit on a Twitch-like product, that's a you problem, not the creators problem. It's greed period. I understand they want to grow but this is just the wrong way.

Without knowing the operating costs your sentence really makes no sense, this single number doesn't matter, what matters is its relation to the operating costs.

It's not as simple as costs vs revenue and you are wrong, it is trivial to speculate in this case.