Mozilla Revenue Grows from Searches
Although it has not released 2006 figures as of yet, Mozilla continues to generate revenue, mostly through lucrative deals with the various search providers. In 2005, the company posted revenues of $52.9 million, up sharply from $5.8 million in 2004, and $2.4 million in 2003. The increased revenue has allowed Mozilla to expand far larger than its original group of 10 people, chairman Mitchell Baker said.
If Mozilla would be a publicly traded company, its low expenses would be sure to make any investor happy. 2005 expenses totaled $8.2 million, of which the majority went to paying the increasing payroll of the rapidly growing company. "The unspent revenue provides a reserve fund that allows the Mozilla Foundation flexibility and long term stability," Baker said in a Web log post on Tuesday.