This is the word's usual meaning in the New Testament, and it almost always comes in an impersonal form: "it is beneficial," "it is better," "it is to your advantage." The focus is on outcome, whether a course of action actually does someone good.
Two shapes of the same idea sit side by side. In one, the word is a verb: "it profits," "it is better for you that." Jesus uses it this way when he says it is better to lose an eye than for the whole self to be lost, and Caiaphas uses it when he says it is better for one man to die for the people. In the other, the word becomes a thing: "the benefit," "the advantage," "the common good," as when the gifts of the Spirit are given for the good of all.
Because the concern is real benefit rather than mere gain, it stands close to ὠφελέω, "to help or benefit someone," but keeps its own impersonal angle: not "who is helped" so much as "what works out for good."
Nuances
2ait is profitable, it is better: a course of action works out to someone's advantage
Mat 5:29Mat 5:30Mat 18:6Mat 19:10Jhn 11:50*Jhn 16:7Jhn 18:141Co 6:121Co 10:232Co 8:102Co 12:1
2bwhat is beneficial: the advantage, the benefit, or the common good, spoken of as a thing
Act 20:201Co 7:351Co 10:331Co 12:7Heb 12:10