GHG
Member
Lol, don't raise the price until you have seen most subscribers pay the full price.
Based on the numbers in my previous post:
Going off the mid point of those numbers (451.25 million) and an average subscriber paying $10 a month that indicates roughly 15 million subscribers which seems a bit on the low side.
If we are to believe they have subscriber numbers in excess of 20 million then the average subscriber is paying less than $10 per month (most likely closer to $7 per month on average which nets ~21.5 million subs).
Which begs the question, is the Brazil document true?
They reported 2.9b. But with your math, that means it only does 1.4b to 2.1b.
Could be TTM numbers.
From an accuracy point of view we only have a single quarter to go off. Phil is saying it's 10-15% of total revenue now, so it would only make sense to apply those percentages to the most recently reported quarters data. Extrapolating across previous and future quarters will lead to inaccuracies as those percentage figures stated by Phil will ebb and flow over time.
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