𝛼SK or Searchbullish
Discord At $600M/year
128 Views02 Jun 2024 08:00
TL;DR: Sacra estimates that Discord hit $600M in annualized recurring revenue (ARR) at the end of 2023, up 35% year-over-year. After attempting to become the chat app for every community during COVID, Discord is moving away from NFTs and social audio and re-focusing on their core product-market fit around interactive experiences and games. For more, check out our full report and dataset on Discord...
What is covered in the Full Insight:
- Introduction to Discord's 2023 Performance
- Impact of Generative AI and Midjourney
- Strategic Shift in Product-Market Fit
- Comparison with Social Platforms: Reddit and Snapchat
- Conclusion and Future Outlook for Discord
SUMMARY
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- Discord At $600M/year02 Jun 2024
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