this post was submitted on 22 May 2026
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This is so confusing. So is it -122% or is it -22%? Cause -122% should mean that for each dollar gained they lose 2.22 because that's how percentages work, no?
The lower of those numbers is obviously fake. The other is "okay, I guess they're doing better than I expected, but at least it's plausible"
I have no idea and I wonder if The Information does either.
the “margin” is load bearing; formula here is operating income divided by revenue
I'm not sure I understand how you calculated this.
2.22 Would be -222%
50% of 1 can be calculated like 1 x 50 / 100 or simply 1 x 0.5
Same for 122% 1 x 1.22 = 1.22
If you spend $1.22 for every $1.00 gained, then your operating income is $-0.22. So your income is -22% of your revenue.
Calculating like you do would mean that a -100% operating income margin means you break even, and that's kinda silly. What would a positive margin mean?
I am not a CPA but I think that means "they spend $2.22 to make another $1.00"