Since when has valuation been based on revenue? :)

au contraire, i bet wordpress users make a lot more revenue than SV combined (not a high bar - most SV startups lose money)

Right, but they probably get close to zero from the self-hosted WordPress users. The revenue is from people paying WordPress.com to host their sites. That's the number of users that's relevant, and it's a much smaller number. The self-hosted users that are the majority don't count for much.

On the self-hosted side they probably make a reasonable amount on premium licensing for WooCommerce addons in the WooCommerce marketplace as well as JetPack & Akismet.

I'm sure Apple alone has more revenue than all wordpress sites combined.

And you can have a lot of revenue while losing money.

Yes of course, i should have said “their competitors in sv”

Woocommerce users apparently make $10b in revenue, and i doubt they lose much, after all it s free

They don't make that revenue on behalf of the folks who make Wordpress, necessarily