They're using accounting words. 'Revenue' just means how much money they took in, not factoring money out. If I win a million dollars in the lottery and buy a 2 million dollar home (a modest fixer upper in Toronto), then my revenue is still 1 million dollars.
The next trick is 'operating profit', which means the amount of money they made from operations (i.e., television fees, track fees, licensing deals) less the direct costs (paying people who make TV contracts, collect track fees and enforce licensing deals). It ignores their capital costs, any non operational write downs.
No where are they mentioning 'net profit'.
However, as a business they're allowed to make investments that cause a short term loss (i.e., building out the Las Vegas infrastructure) with the promise of long term profits.
It's all very complicated compared with the simple problems like designing a race car that is 1 tenth of a second faster than any other car over 5 km.