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Comment by a13n | Hacker News Reader

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a13n·

It's interesting to me that Hacker News's impression of this change is basically:

> Gitlab has switched into the "squeeze money from customers phase". It is time to leave.

...while the stock market's impression of this change is "wow this company is worth an extra 20% now".

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This seem more like Wallstreet is reacting to a company projecting to increase revenues by 52% (from $19->$29) YoY.

That only sounds plausible if 100% of your revenue comes from GitLab Premium customers.

Fair point, though their stock price didn't go up by 52%.

Seems like Wallstreet is pricing in the fact this doesn't effect all plans.

I expect it's close, honestly. I dunno who's paying $100/month for what GitHub offers (but on a platform that all your devs already know) for $20/month...

The ratio is on the order of 10:1 subscription vs. licensing (self-hosted?) and "other," according to their most recent QE report [0]. But I'm curious how many subscribers they have on the Enterprise $99/user plan. I wouldn't be surprised if it's a fairly low number of organizations (under 100), especially since those organizations have the option to self-host GitLab at much lower cost.

[0] https://ir.gitlab.com/news-releases/news-release-details/git...

Pretty sure we're GitLab Ultimate customers for the security functionality, and we don't even use the issues/project functionality as we have Jira. And we're not a massive company.

And that you retain nearly 100% of those

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