There's an entire ecosystem of companies doing support and proprietary security patches and even framework-bearing polyfills for php 5. So much of the web runs on php 5 that is never ever going to be updated. It's a mini-industry unto itself.
The licensing is on the order of thousands or low tens of thousands per year. Worth it for a 40-person business that has a 20-year-old legacy codebase supporting a few million dollars a year revenue. It's not what we think of as a standard "tech" company but it describes an absolutely ridiculous number of businesses.
I guess depending on the app that might not really matter, but that seems like it could be an issue at some point.