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It has the same meaning as profit, to gain from, with its use intended for dramatic flair. Quoted from Preach, part of the Youtube channel Aba & Preach.
When a person puts you in the Friendzone because it's convenient, they profitate from your being in the Friendzone.
Profitate by kameHouse May 12, 2020
Related Words

not-for-profitute 

A person who often has sex out of charity or pity in spite of having insufficient sexual attraction. The not-for-profitute often feels like they ought to have been payed, but refuse to receive payment as their sexual performance is a gift of charity.
"Kev, dude. Your face is glowing; what's good man?"
"Man, I dicked Brittney last night. She's like a 10. I'm like sexy and I never even knew."
"I hate to break this to you Kev, but Brittney's a not-for-profitute."
"Oh. Dude, I'm not even mad though. Her tits were bouncin'."
not-for-profitute by ViHelena April 23, 2017
Mama! mama! me compras esté dulce porfis ?
Porfis by Spanishunicorn November 29, 2013

Fear Profiteer 

1. Someone who stands to gain power, influence or funding by spreading fear in the general population. 2. A sophisticated type of 21st century fear monger who uses PR methods to generate panic, doubt and free-floating anxiety. 3. Dick Cheney and his ilk.
Thanks to that Fear Profiteer in Wyoming, all shampoo bottles will be banned on U.S. flights.
Fear Profiteer by Peter Kobs July 17, 2009
The result of two steps in a process, the second of which is a mystery. A meme that comes from South Park.
"Phase one, COLLECT UNDERPANTS. Phase two, ??? Phase three, PROFIT!"
Profit by Sissy;; January 20, 2009

profiterole land 

A place where everything is well, all the people are happy, the land is full of peace and the walls have ears. The only source of food is pavlova and profiteroles however, which leads to large scale obesity.
We searched high and low for profiterole land, we had to endure the co-op microwave lasanga meal and we also discovered "OH NO". When we got there, Kate shouted "profiterole land", and a large, warm sunny glow bathed us. We entered profiterole land, and we all soon tasted the tastiest profiteroles that anyone could have ever tasted. Then we got fat and died.

!!!!!!ZE END!!!!!!
profiterole land by ho hum... December 28, 2006