Gaming Misc [ACNH] How are treasure islands profitable?

Slattz

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How do treasure islands make money?
Like, I see streams with 20+ islands at a time, so surely they're running 20 separate switches? Emulators can't connect to official servers, at least publically.
I get some streams do 'sub only' islands, but surely people just join the free ones and nobody subs to them/only a small number do? Between electricity, online services and even just the consoles themselves, surely the model is not profitable? Just an interesting question, and I was wondering if anyone had some insight.
 

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