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December 13, 2021 02:40 pm
Original Link: https://news.slashdot.org/story/21/12/13/1439242/mozilla-expects-to-generate-more-than-500m-in-revenue-this-year?utm_source=rss1.0mainlinkanon&utm_med
Mozilla Expects To Generate More Than $500M in Revenue This Year
The Mozilla Foundation today released its financial report for 2020. As usual, this gives us a good picture of the organization's financial health from a year ago, but for the first time this year, Mozilla also provided us with more recent data. From a report: It's no secret that Mozilla recently went through a number of difficult years, with major layoffs in 2020 as it restructured its for-profit arm, Mozilla Corporation. Its flagship Firefox browser, despite a number of technical advances, is also struggling in a marketplace that is now dominated by Chromium-based browsers. Still, in 2020, Mozilla Corporation's revenue was $466 million from its search partnerships (largely driven by its search deal with Google), subscriptions and advertising revenue. That's essentially the same as in 2019, when Mozilla Corporation generated $465 million from these sources. For 2021, the organization forecasts revenue of over $500 million. What's maybe most important, though, is that Mozilla's new products like its Mozilla VPN service, Firefox Relay Premium, Pocket and other commercial initiatives are slowly but surely starting to pay off. As Mozilla executive VP Angela Plohman and CFO Eric Muhlheim noted in today's announcement, revenue from new product offerings will grow 150% this year and account for 14% of the organization's revenue in 2021. The Mozilla VPN service saw a revenue increase of 450% from 2020 to 2021.Read more of this story at Slashdot.
Original Link: https://news.slashdot.org/story/21/12/13/1439242/mozilla-expects-to-generate-more-than-500m-in-revenue-this-year?utm_source=rss1.0mainlinkanon&utm_med
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