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The tutorial covers various key terms used in software as a service, such as AR, MRR, LTV, CAC, gross versus net revenue, MR churn, customer churn, expansion, contraction, reactivation, churn rate, negative churn rate, lifetime value, cost of acquisition, and more. The speaker, with six years of experience in a SaaS company, explains these concepts to new employees through group classes or videos. The video aims to help newcomers understand the language and concepts commonly used in the industry.