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Re:An Estonian Startup With €25 Million Turnover by jhonovich on Thursday September 26, 2013 @11:13AM (#6451308)
The €25 Million turnover number is misleading. Later, the article notes, "AdCash gives about 70% - 90% of revenue to their publishers, so with a turnover of €25 million, you can do the math on their theoretical profitability."

Let's say they keep 20% (the middle of that range). That's €5 Million. Of course, that's not profitability. That's essentially their revenue before the expense of having 40 employees, etc.

Still impressive but more realistic with that aspect clarified.

Re:An Estonian Startup With €25 Million Turnover by blibble on Thursday September 26, 2013 @11:28AM (#6451424)
don't confuse revenue/turnover with gross margin.

gross margin is turnover minus cost of goods sold.

Re:An Estonian Startup With €25 Million Turnover by jhonovich on Thursday September 26, 2013 @12:15PM (#6451735)
Sure, so this is a company with a paltry 20% gross margins.
Re:An Estonian Startup With €25 Million Turnover by blibble on Thursday September 26, 2013 @02:28PM (#6452655)
I guess PayPal, eBay, VISA, and all the banks should just shut up shop then...

The number alone means nothing without understanding the business that they're in.