Stats Gate

Here’s how long it took 10 of the world’s biggest brands to turn a profit?

Bill Gates

Despite its role in fundamentally shaping the landscape of modern computing, Microsoft turned a profit almost immediately after starting out. A new study by the CEOWORLD magazine has revealed that Microsoft, Apple, Paypal, and Google took less than 3 years to make a profit.

Surprisingly, there are hundreds of huge companies out there, valued in the billions, yet making zero profits, or in some cases losses. Remarkably, this scenario happens more often than you’d imagine. Here are just a few of the world’s biggest companies that are currently making zero profit: Uber, Spotify, Slack, Snapchat, Pandora, Dropbox, Pinterest, and Lyft.

Here’s how long it took 10 of the world’s biggest brands to turn a profit

Here’s how long it took 10 of the world’s biggest brands to turn a profit?

  1. Microsoft
    Date of founding: April 4, 1975
    Founders: Bill Gates and Paul Allen
    CEO: Satya Nadella
    Headquarters: One Microsoft Way, Redmond, Washington, U.S.
    First profitable year: 1975
    2018 revenue: $110 billion
    Time to turn a profit: 0 yearsBill Gates
  2. Apple
    Date of founding: April 1, 1976
    Founders: Steve Jobs, Steve Wozniak, and Ronald Wayne
    CEO: Tim Cook
    Headquarters: 1 Apple Park Way, Cupertino, California, U.S.
    First profitable year: 1978
    2018 revenue: $265 billion
    Time to turn a profit: 2 yearsSteve Jobs
  3. PayPal
    Date of founding: December 1998
    Founders: Elon Musk, Ken Howery, Luke Nosek, Max Levchin, Peter Thiel, Yu Pan, and Russel Simmons
    CEO: Dan Schulman
    Headquarters: 2211 North First Street, San Jose, California, U.S.
    First profitable year: 2000
    2018 revenue: $15.45 billion
    Time to turn a profit: 2 years
  4. Google (Alphabet)
    Date of founding: September 4, 1998
    Founders: Larry Page, Sergey Brin
    CEO: Sundar Pichai
    Headquarters: 1600 Amphitheatre Parkway, Mountain View, California, U.S.
    First profitable year: 2001
    2018 revenue: $136.8 billion
    Time to turn a profit: 3 years

  5. Facebook
    Date of founding: February 4, 2004
    Founders: Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes
    CEO: Mark Zuckerberg
    Headquarters: 1 Hacker Way (aka 1601 Willow Road), Menlo Park, California, U.S.
    First profitable year: 2009
    2018 revenue: $55.8 billion
    Time to turn a profit: 5 yearsMark Zuckerberg
  6. Netflix
    Date of founding: August 29, 1997
    Founders: Reed Hastings and Marc Randolph
    CEO: Reed Hastings
    Headquarters: Los Gatos, California, U.S
    First profitable year: 2003
    2018 revenue: $15.8 billion
    Time to turn a profit: 6 yearsReed Hastings

     

  7. Groupon
    Date of founding: November 2008
    Founders: Andrew Mason, Eric Lefkofsky, and Brad Keywell
    CEO: Rich Williams
    Headquarters: Chicago, Illinois, U.S.A
    First profitable year: 2017
    2018 revenue: $2.6 billion
    Time to turn a profit: 9 years
  8. Airbnb
    Date of founding: August 2008
    Founders: Brian Chesky, Joe Gebbia, and Nathan Blecharczyk
    CEO: Brian Chesky
    Headquarters: 888 Brannan Street, San Francisco, California
    First profitable year: 2017
    2018 revenue: $2.6 billion
    Time to turn a profit: 9 yearsAirbnb
  9. Amazon
    Date of founding: July 5, 1994
    Founder: Jeff Bezos
    CEO: Jeff Bezos
    Headquarters: 2111 7th Avenue, Seattle, Washington, US
    First profitable year: 2003
    2018 revenue:$232.88 billion
    Time to turn a profit: 9 yearsJeff Bezos

     

  10. Twitter
    Date of founding: March 21, 2006
    Founders: Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams
    CEO: Jack Dorsey
    Headquarters: San Francisco, California, United States
    First profitable year: 2018
    2018 revenue: $3.04 billion
    Time to turn a profit: 12 years

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Anna Papadopoulos
Anna Papadopoulos is a senior money, wealth, and asset management reporter at CEOWORLD magazine, covering consumer issues, investing and financial communities + author of the CEOWORLD magazine newsletter, writing about money with an enthusiasm unknown to mankind. You can follow CEOWORLD magazine on Twitter, Facebook, Instagram, or connect on LinkedIn for musings on money, wealth, asset management, millionaires, and billionaires. Email her at info@ceoworld.biz.