Substack challenger beehiiv expects revenue to nearly double on newsletter boom
Beehiiv, a newsletter startup, anticipates nearly doubling its annual revenue to $50 million this year, competing with Substack in the growing creator economy. The platform, which has over 40,000 monthly active users and nearly 15,000 paid subscribers, offers a flat-fee model and an ad network to reduce reliance on subscriptions. Backed by significant funding, Beehiiv aims to be the 'operating system for the content economy.' Despite challenges from AI-generated content and competition, some creators are finding success on the platform.
