I know you're saying this not the question being asked, but what's your source for their revenue growing anywhere near that rate, or indeed at all?
As far as I can see their revenue peaked around FY 2017 at $562 million. In 2018 that number was about $450 million and short of expenses, they were short of expenses again for 2019 but for a $338 million settlement from Yahoo/Verizon.
The most recent reported year, 2020, saw a slight drop in their search income but a sharper cut to expenses (mostly by cutting about $60 million in "software development" expenses), putting them back on track, in a way.
They've had a steady increase in subscription income, but it's still dwarfed by the current search deal (in 2020, just shy of $25 million in subscriptions vs. over $440 million from search).
As far as I can see their revenue peaked around FY 2017 at $562 million. In 2018 that number was about $450 million and short of expenses, they were short of expenses again for 2019 but for a $338 million settlement from Yahoo/Verizon.
The most recent reported year, 2020, saw a slight drop in their search income but a sharper cut to expenses (mostly by cutting about $60 million in "software development" expenses), putting them back on track, in a way.
They've had a steady increase in subscription income, but it's still dwarfed by the current search deal (in 2020, just shy of $25 million in subscriptions vs. over $440 million from search).