How Medium Became Profitable After Losing $2.6M Monthly

Medium's CEO reveals how the company turned around $2.6M monthly losses with bold moves, from layoffs to investor restructuring.

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How Medium Became Profitable After Losing $2.6M Monthly

How Medium Became Profitable After Losing $2.6 Million a Month When people search for “how Medium became profitable” or “Medium CEO turnaround strategy,” they’re often looking for an honest breakdown of how a tech platform with massive early hype pulled off a near-impossible turnaround. Medium was once burning $2.6 million monthly, losing subscribers, and close to running out of investor goodwill. But since August 2024, the platform has remained profitable — a feat CEO Tony Stubblebine says came only after a series of radical and uncomfortable decisions. In this blog, we’ll explore what went wrong, the crucial pivots made, and how the team restructured both product and finances to get back on track. Whether you’re a startup founder, writer, or just curious about startup survival, this breakdown of Medium’s business turnaround delivers valuable insights. Image Credits:Medium The Financial Hole: Why Medium Faced a $2.6M Monthly Lo ss When Tony Stubblebine stepped in as CEO in 2022, Medium wa…

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