Also Twitch has historically been profitable in Europe (or maybe it’s just Western Europe? Can’t remember). Something that Twitch generally keeps quiet but the French streamers I follow never forget to point out when Twitch publicly whines about their supposed nonprofitability.

Which means that NA can’t be that far behind given that the US has higher GDP/capita (buy I guess lower engagement). So when you are combining that information with their bulk discounts, it’s for sure profitable there.

Now maybe Twitch truly isn’t profitable in poorer regions like LatAm where infrastructure costs don’t scale down as fast as sub prices and ad revenue. But regarding Europe and NA, they are openly bullshitting.