With 20% of their user base (450k) on 10,000+ subscribers per month ($150 pcm) I make that $13,500,000 per month.
And with that being 65% of their total revenue, they are making a cool $20m a mth. Not bad, not bad at all.
Edit - forgot that not all 450k are paying, their maths state that 13.33% (4,000 paying of 30,000) are paying. So actually they are making about $2,6m per mth.
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Profit up 650% in a year. Remind anyone of this the next time they start talking about particular business types having patent on rapid growth.
Beermat maths...
With 20% of their user base (450k) on 10,000+ subscribers per month ($150 pcm) I make that $13,500,000 per month.
And with that being 65% of their total revenue, they are making a cool $20m a mth. Not bad, not bad at all.
Edit - forgot that not all 450k are paying, their maths state that 13.33% (4,000 paying of 30,000) are paying. So actually they are making about $2,6m per mth.
True. But getting to the first 85K users is quite an accomplishment too.