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Monthly Recurring Revenue (MRR)
Monthly Recurring Revenue (MRR) is a crucial metric for subscription-based businesses, representing the revenue generated monthly from subscribers. This measure provides clear insight into the company's financial health, allowing businesses to forecast future revenues and assess the growth of their subscriber base. With MRR, companies can identify trends, optimize retention strategies, and enhance business scalability, making it a vital tool for financial management and strategic planning.
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