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Comparing revenue across industries/verticals is not sound. Mercedes has a ~5% profit margin on this revenue. SaaS, even AI SaaS is expected to have much high
by Eridrus 29d ago
Comparing revenue across industries/verticals is not sound.
Mercedes has a ~5% profit margin on this revenue.
SaaS, even AI SaaS is expected to have much higher profit margins at scale.
And on top of that, Mercedes shrunk by 10% revenue over the last year, rather than growing, which makes sense because they missed EVs and are now managing decline and returning money to shareholders.