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The video tutorial discusses key terms used in software as a service, such as AR, MRR, LTV, and CAC. It explains the difference between gross versus net MRR, as well as churn and customer churn. The speaker, after years of experience, decided to create a video to help new employees understand these concepts. The video covers MRR basics, expansion, contraction, reactivation, churn rates, and different types of churn. It also explains negative churn rate and its benefits, and ends with estimating lifetime value and cost of acquisition.