Growth update · October
Subscriptions beat target; churn rose
Paid subscriptions grew 11% against a 6% target. We don’t yet know why. Churn rose to 3.1% and conversion is flat at 14%.
Ask: keep referral credits running through November (about $2–3k) for a cleaner read.
Subscriptions grew 11%, nearly double target; cause unknown
8,940 paid subscriptions at month end.
Two possible causes: the annual-plan discount ended mid-month and may have pulled sign-ups forward, and a creator with 400k followers mentioned us on Oct 9.
Analytics is splitting new subs by source this week.
Monthly churn rose from 2.6% to 3.1%
Churn is mostly monthly-plan accounts in month two.
Trial-to-paid stays at 14%; paywall test inconclusive
- Trial-to-paid
- 14%, flat for three months.
- New paywall copy
- +0.4 points conversion, not statistically significant.
- Referral credits
- 120 referred sign-ups for $2,400 in credits ($20 each).
Approve referral credits through November for a cleaner read
- October
- 120 referred sign-ups, $20 credit each.
- November
- About $2–3k in credits.