Re: The guessing about how much party is making is over!!!
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you are assuming net profit = rake, which is very false. Party needs to pay the salaries of all employees, bonuses, advertising, etc....all of this reduces rake (essentially, sales) into profit.
Party's rake last year was estimated to be around $1B. A net profit figure of $391M is a huge net profit %, but it not that surprising.
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My guess is that Party's single biggest expense is the share of the rake that goes to the skins. I am making these numbers up (someone who knows better can correct me), but if half of the players on 'Party' are actually playing on skins and those skins collect half the rake generated by their players, then that accounts for $250M of the $609M in estimated expenses. The vast majorty of the rest is probably bonuses, affiliate payments and other advertising. The 'corporate overhead' is miniscule.
I would like to know how many unique active players (played in the last month, say) they have. I'm sure that and much else will come out in the IPO process.
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