Substack says it has a million more paid subscribers than last year – Breaking News & Latest Updates 2026
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Substack’s moderation battle: all the latest news

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Elizabeth Lopatto
Substack says it has a million more paid subscribers than last year.

There are now more than 3 million paid subscribers on Substack. It’s a bright spot for the company, which has lately been in the news for a Nazi problem — leading several big-name newsletters to decamp, including my former colleague Casey Newton’s Platformer.

The Axios story says nothing about Substack’s biggest problem: keeping its costs under control. (That’s kind of a pattern!)

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