Meaning of the word "profit from" in English

What does "profit from" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

profit from

US /ˈprɑːfɪt frʌm/
UK /ˈprɒfɪt frɒm/

Phrasal Verb

to gain an advantage or benefit from something

Example:
He managed to profit from the rising stock market.
Many companies profit from technological advancements.