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this post was submitted on 14 Nov 2023
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They didn't earn $544M, they had $544M in revenue. They lost $124M but it's all due to their decisions. They have a great operating margin in the 60s and spent all the money elsewhere.
What are they spending all of it on? Because it certainly not updates to the engine.
420M in profit is still way too much to be laying off people
The didn’t make 420m in profit, they lost 124m.
Revenue is not profit.
Revenue is income. Profit is how much they made after some expenses.
Revenue is how much you sold stuff for. Profit is how much did you make after paying for everything to run your business. They got $544M but spent $668M, so they didn't make a profit.