profit center
noun
: a part of a corporation or its product line that is an important source of profits
Examples of profit center in a Sentence
Recent Examples on the Web
What started as a niche service became a massive profit center for the banks after the proliferation of debit cards that caused customers to debit their bank accounts for small and large amounts of money multiple times a day.
—
Ken Sweet, Fortune, 17 Jan. 2024
The linear television business, including ESPN, has declined at a faster-than-expected rate, eroding a key profit center.
—Meg James, Los Angeles Times, 2 Apr. 2024
Slower-than-usual growth in advertiser revenue during the pandemic erased hundreds of billions of dollars from Facebook’s market capitalization and spurred the company to attempt to generate a new profit center independent of its advertising operation.
—Edward Ongweso Jr., WIRED, 10 Sep. 2023
Horror films have long been among the most reliable profit centers for Hollywood studios, even as other categories of film — like rom-coms, raunchy comedies and even superhero flicks — cycle through ups and downs.
—Ryan Faughnder, Los Angeles Times, 5 Mar. 2024
Seen as a profit center, no longer merely a cost center, HR moves from the periphery to the midst of business decisions, with the CHRO driving planning and decision-making alongside the CFO, CMO and other leaders.
—Ryan Wong, Forbes, 29 Feb. 2024
People who are eligible for Medicare and Medicaid — the elderly and poor — have quickly become profit centers for health insurers, Caitlin Owens of Axios reports.
—Bob Herman Reprints, STAT, 20 Feb. 2024
The end of the conglomerate curse Inside the company, Culp has reorganized GE into 30 separate profit centers, whose executive teams have full control of their income statements and balance sheets, and get bonuses tied to the performance of their units.
—Shawn Tully, Fortune, 26 Jan. 2024
In January, the company, which sees its amusement destinations as strong profit centers, announced a significant expansion of its Orlando park.
—Gary Baum, The Hollywood Reporter, 8 Feb. 2024
Ken Sweet, Fortune, 17 Jan. 2024
The linear television business, including ESPN, has declined at a faster-than-expected rate, eroding a key profit center.
—Meg James, Los Angeles Times, 2 Apr. 2024
Slower-than-usual growth in advertiser revenue during the pandemic erased hundreds of billions of dollars from Facebook’s market capitalization and spurred the company to attempt to generate a new profit center independent of its advertising operation.
—Edward Ongweso Jr., WIRED, 10 Sep. 2023
Horror films have long been among the most reliable profit centers for Hollywood studios, even as other categories of film — like rom-coms, raunchy comedies and even superhero flicks — cycle through ups and downs.
—Ryan Faughnder, Los Angeles Times, 5 Mar. 2024
Seen as a profit center, no longer merely a cost center, HR moves from the periphery to the midst of business decisions, with the CHRO driving planning and decision-making alongside the CFO, CMO and other leaders.
—Ryan Wong, Forbes, 29 Feb. 2024
People who are eligible for Medicare and Medicaid — the elderly and poor — have quickly become profit centers for health insurers, Caitlin Owens of Axios reports.
—Bob Herman Reprints, STAT, 20 Feb. 2024
The end of the conglomerate curse Inside the company, Culp has reorganized GE into 30 separate profit centers, whose executive teams have full control of their income statements and balance sheets, and get bonuses tied to the performance of their units.
—Shawn Tully, Fortune, 26 Jan. 2024
In January, the company, which sees its amusement destinations as strong profit centers, announced a significant expansion of its Orlando park.
—Gary Baum, The Hollywood Reporter, 8 Feb. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'profit center.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Profit center.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/profit%20center. Accessed 27 Apr. 2024.
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