I understand they are already profitable:
> Most of the money is still made without tracking people by showing you ads based on your keyword, i.e. type in car and get a car ad. These ads are lucrative because people have buying intent. All that tracking is for the rest of the Internet without this search intent, and that's why you're tracked across the Internet with those same ads.
They don't link to their source, but a simple search solved that: https://news.ycombinator.com/item?id=10346440
And for good measure, I also ran the search through Google. On Google it's the top hit; on DDG I have to pagedown once. (A random selection of words, without punctuation or apostrophes, quoted to do a literal search.)