Quartz has announced the number of paying members it has attracted since launching the program a year ago. As of today, the organization boasts 10,438 paying members, according to a source.
Uzabase, the Japanese company that acquired and now parents Quartz, revealed a 56% year-over-year increase in revenue across the company through the first three quarters of 2019. However, Quartz’s revenue was down 7%, compared to last year over the same period.
This was primarily due to a decline in digital advertising, CEO Zach Seward wrote.
“There is so much to be proud of in our early results. Membership is a huge new initiative for us, requiring significant shifts by every part of the organization, which you have all successfully embraced,” Seward wrote.
“Building this new business is a long-term proposition, and we are just getting started,” Seward continued. “Over the next year, we’ll focus even more of our time and attention on this initiative. Integrating member features into all of Quartz, improving our ability to convert loyal readers into members, and increasing the value of membership until it’s a bargain.”
Quartz members pay $15 per month or $100 per year for unlimited access to articles, exclusive field guides and shows.
