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Mozilla's revenue in 2018 fell by nearly 20% compared to the year prior, and for the first time expenses outweighed income, the organization said in its annual financial report.The nonprofit behind Firefox implied that the apparent downturn was misleading because of the comparison to record revenue of the year before.
"2017 was an outlier, due in part to changes in the search revenue deal that was negotiated that year," Mozilla said in the "State of Mozilla 2018" report published on its website.[ Further reading: 14 must-have Firefox add-ons ]Mozilla also asserted that the revenue decline would not affect its work.
"Despite the year-over-year change, Mozilla remains in a strong financial position with cash reserves to support continued innovation, partnerships and diversification of the Firefox product lines," the organization wrote.
