With its correct approach, Mozilla will not only remain in the field of competition, but it is also progressing with more and more creativity. Their deal with Google has played an important role in this issue; However, there are challenges facing this company.
Mozilla with Publication of financial report In 2022 itself, it has shown that they want more market share. Last year, the company that created Firefox built a relatively strong position for itself with an income worth 593 million dollars. This number is a slight regression from 2021, but a big leap from 2020.
It is interesting that most of this income is obtained from Mozilla’s biggest competitor, Google. Google’s search engine deal has been very beneficial for Mozilla, bringing in $510 million.
Despite the slight decrease in revenue compared to 2021, overall Google has been the cornerstone of Mozilla’s revenue stream in recent years. The decrease in their income can be attributed to various factors such as a possible drop in users or other ups and downs in the market.
Mozilla’s subscription and advertising revenue has also increased significantly and reached 75 million dollars. The company has benefited from its new revenue streams such as Firefox Monitor and Mozilla VPN and Firefox Relay services in 2022.
The purchase of the FakeSpot review service and the continuous growth of the Pocket service have also diversified this income. However, Mozilla has spent a large portion of this revenue, as the company’s expenses last year were $425 million.
The increase in costs is mostly due to investment in software development, brand building, marketing and administrative costs. These investments are critical to Mozilla’s long-term prospects and staying competitive in browsers.
Mozilla’s net assets, net of expenses, increased by approximately $150 million to a total of $1.19 billion. In 2022, Mozilla and Google renewed their search agreement for another 3 years, and while Mozilla’s survival depends on search engine contracts, other sources of income show how much Mozilla has taken a multifaceted approach to increasing its revenue.
On the other hand, the salary of the CEO of the company ie Michelle Baker It became news in 2022 as well. Last year, he earned $6.9 million, which is $2 million more than in 2021. At a time when Firefox has lost 30 million users in the last 3 years.
Firefox is now dealing with a new challenge; A guideline from the US Government Web Design System (USWDS) was released last week that may lead to further reductions in users.
USWDS sets standards for the design of US government websites. Their new guideline is called the “2% Rule” and stipulates that government websites only support browsers with a market share of more than 2%.
Firefox currently has a market share of 2.2%, which is very close to this threshold. Now Firefox’s new concern is that if its market share falls below 2 percent, government websites will no longer need to support them.
This change could first affect the web developer community and corporate IT. They may drop Firefox support to save time and money. In the future, it can cause a chain reaction of other companies and even target the existence of Firefox.
