Is it Really ARR? In 2021+, Yes. As Long As NRR is > 100%
SaaStr
APRIL 24, 2021
You pay a subscription for websites to help you sell stuff. But as Shopify scaled, its revenue as a percent of commerce on its sites — “Merchant Solutions” — began to eclipse its recurring SaaS revenues. Fast forward to day, Merchant Solutions is a much larger share of revenue than software subscriptions.
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