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“I’ll be blunt, we’re not profitable.”

In the wake of news that it’d be laying off 500 employees, Twitch CEO Dan Clancy held a livestream in which he discussed what the layoffs mean for the streaming service long term. In the hour-long stream, Clancy answered questions ranging from if he reduced his own salary to offset costs (no), and if Twitch plans on adjusting its cut of subscriptions to earn more (also no).

But one of the biggest (if obvious) reveals in the livestream is that Twitch simply is not profitable.