Correction on SkypeCorrection on Skype

"In 2008, Skype actually generated $551 million in revenue and >$100M in profits. In fact, the company has been profitable for eight consecutive quarters."

Allan Sulkin passed along this note that he received from Skype in response to his recent post:

You wrote, "Although there are more than 400 million registered Skype users across the globe, the service has made little or no profit, because most users pay no fee."

In 2008, Skype actually generated $551 million in revenue and >$100M in profits. In fact, the company has been profitable for eight consecutive quarters.

I'd appreciate it if you would update your post accordingly to reflect the actual facts and stop speculating incorrectly about Skype's already proven business model.

Duly noted. However, I do have to point out that Allan said little or no profit. So is $100 million a lot of profit? Depends on how you look at it. One way to look at it is that it'll take a mere 26 more years of profits like that for Skype to earn back the $2.6 billion eBay paid to acquire them."In 2008, Skype actually generated $551 million in revenue and >$100M in profits. In fact, the company has been profitable for eight consecutive quarters."