Substack challenger Beehiiv says it expects to nearly double its annual revenue to $50M in 2026 and now has 40K+ MAUs, including nearly 15K paying subscribers
Beehiiv expects to nearly double annual revenue to $50 million this year as the newsletter startup challenges larger rival Substack …
Idk man as someone looking to put a newsletter out this looks extremely bad and not something they should be talking about publicly. Unless I can convert 6% of the entire portion of paying subscribers, I can't build a sustainable business month-to-month.
Probably the most interesting stat in this piece on Beehiiv projecting doubled revenue this year ($50 million): one in seven new authors is coming to Beehiiv from Substack. We saw a number of Substack authors decamp to either Beehiiv or Ghost last year. https://www.reuters.com/..…