That should work out at ~£4.5MM profit, after PayPal takes their cut and misc. bills are paid (e.g. bandwidth.) Not bad for a one-man company (until recently, anyway.)
Don’t forget taxes. I would about half his gross revenue to get a realistic handle on the kind of money he is making. Three million Euro so far seems like a realistic estimate to me.
Corporate tax rates are way lower but personal income tax rates are significantly higher. So if he pays all of that money as salary to himself, that 50% number is quite realistic.