Hi I have question: So dreamfolks is currently asset light model which act as aggregator/ middleman between lounge and credit card (Banks) Don’t you think from account perspective the revenue they are disclosing is GMV, and not net revenue and cost related to lounge access is also not related to them their real revenue should be Sales - lounge access fees as they are middlemen. It is accounting revenue recognition rule.
Or am I missing something here? Reply will be appreciated.
Thanks,
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