Monthly Recurring Revenue
Monthly Recurring Revenue (MRR) is a key metric in product management that measures the predictable revenue generated by a SaaS company on a monthly basis. It represents the sum of all subscription payments from customers in a given month. Think of it like Netflix or Spotify subscriptions - every month, they charge you a fixed amount to access their service. MRR helps product managers track the financial health of their business, make informed decisions, and forecast revenue growth.