Comment by otterley
That headline can't be correct. Income is revenues minus expenses (and a few other things). You can't have both an income and a loss at the same time.
It's $4.3B in revenue.
That headline can't be correct. Income is revenues minus expenses (and a few other things). You can't have both an income and a loss at the same time.
It's $4.3B in revenue.
I can only speak as a US CPA, but revenue and income are used interchangeably. You're thinking of net income or profit. It's certainly preferable to use the term revenue instead of income in my opinion however to avoid misunderstandings like this.