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August was on-line publishing platform Medium ’s first profitable month — ever .
Stubblebine hadpreviouslypledged Medium would get hold of profitability this year .
As a individual troupe , Medium does n’t report earnings . But , given that the company ’s cheapest monthly program is $ 5 and its cheapest annual plan is $ 50 , we can estimate that Medium ’s revenue is presently somewhere around $ 50 million ( on the low end ) or $ 60 million ( on the high oddment ) . AppFigures , an app analytics house , tells TechCrunch that it believes Medium has grossed $ 8.9 million in 2024 so far from its peregrine app alone — a 69 % jumping from mobile revenue in same period last year ( $ 5.3 million ) .
In 2023 , Medium launched Boost , an initiative to curate eminent - quality clause for reader . That same class , the platform bitch up its mitigation exertion , removing over a million junk e-mail place ( sensitive removed nearly 10 million last month , per Stubblebine ) , and cast out a computer program to ask for put out authors to verify their identity by claiming their books . ( metier say that more than 9,000 writer have signed up for that broadcast . )
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In recent months , Medium has also exposit its collaborator curriculum , which allows writer to earn money based on the engagement their account receive from Medium ’s member groundwork . And it has released a higher - priced rank that offers the ability to pay off more money flat to authors .
One area where Medium has chosennotto clothe is productive AI . The company currently stop AI crawlers from its situation , and hashintedat recruit a coalition of other platform and publisher to “ help oneself figure out the future of fair use in the historic period of AI . ”
