The question you have to ask is how they are making money. If it costs 2 dollars to make a dollar in revenue, then you are actually losing money.
There's no guarantee that they will continue to make money if they tone down their spend (for example, reducing ad spend), which is why the revenue / profit quality matters.
There's no guarantee that they will continue to make money if they tone down their spend (for example, reducing ad spend), which is why the revenue / profit quality matters.