Revenue is one thing but profit is the most important metric here. I remember when the dot com bubble popped. Back then everything you need to have was a landing page to raise 200 million, but now it's the same to get 2 billion (see this example: https://www.perplexity.ai/discover/finance/mira-murati-s-thi...). It's really the same case but due to the inflation we see higher numbers.