profitieren von
to benefit from
To gain a use, profit, or advantage from a situation or thing.
Kleine Unternehmen profitieren besonders von der staatlichen Förderung.
Small businesses benefit especially from government funding.

to benefit
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to benefit from
To gain a use, profit, or advantage from a situation or thing.
Kleine Unternehmen profitieren besonders von der staatlichen Förderung.
Small businesses benefit especially from government funding.

The verb 'profitieren' (to benefit) is always used with the preposition 'von' and the dative. You always benefit 'von' (from) something or someone.
Die Schüler profitieren vom Engagement des neuen Lehrers.
The students benefit from the new teacher's commitment.
'Profitieren' (to benefit) belongs to the word family of 'der Profit' (profit/gain). When you benefit from something, you gain a personal profit or advantage from it.
Mit dieser Investition hat die Firma einen großen Profit gemacht.
The company made a large profit with this investment.
You can also benefit from the fact that something happens. The construction is then 'davon profitieren, dass ...' (to benefit from the fact that ...), followed by a subordinate clause.
Wir profitieren davon, dass die Zinsen aktuell niedrig sind.
We benefit from the fact that interest rates are currently low.
to use / benefit
'nutzen' and 'profitieren' both have to do with an advantage. 'nutzen' often means that you actively use something, for example a tool, an app, or an opportunity. It can also mean that something is helpful. 'profitieren' is used with 'von' and means that someone gets an advantage from something. Learners may confuse the words because both sound positive. The difference is: with 'nutzen', the focus is often on the use; with 'profitieren', it is on the advantage for a person or group.

Morgen profitierst du von der Erfahrung deines Kollegen in der Werkstatt.
Tomorrow you will benefit from your colleague's experience in the workshop.
Ihr nutzt morgen den Besprechungsraum für das Treffen mit den Kollegen.
You all are using the meeting room tomorrow for the meeting with your colleagues.