Discord – Company Overview
- Headquarter: San Francisco, CA
- Platforms: Web, Android, iOS
- Number of Employees: 1000+
- Founded Date: 2015
- Founders: Jason Citron, Stan Vishnevskiy
- Crunchbase Profile
- Google Play: Store Link
- App Store: Store Link
- In Q3 2023, the mobile app for Discord reported around $55 million in revenues.
- As of July 2022, approximately 60% of all Discord’s mobile in-app revenues are generated from the United States, followed by the United Kingdom and Canada. (Statista)
- According to a survey of Discord users conducted during the fourth quarter of 2021, over 60 percent of respondents reported being interested in technology, and almost the same amount of respondents reported being interested in gaming. (Statista)
- Discord generated $208 million in revenue in 2022 according to Statista forecast. The platform is estimated to generate $207 million in sales in the full year 2023.
- Discord was estimated to have 154 million monthly active users as of January 2023.
|January 2022||152 million|
|January 2023||154 million|
- Discord’s anticipated 563 million registered users in January 2023 represent an increase of over 87 percent over the 300 million users recorded in June 2020.
|January 2023||563 million|
- Discord valuation reached $15 billion after raising $500 million in funding in September 2021. (Reuters)
|January 2021||$7 billion|
|September 2021||$15 billion|
- Discord has raised $995.4 million million so far, including its most recent $500 million funding in September 2021.
|Funding Round & Date||Deal Amount||Post-Money Valuation|
|Seed, July 2012||$1.1 Million||–|
|Series A, November 2013||$8.2 Million||$23.34 million|
|Series B, February 2015||$4.5 Million||$48.5 million|
|Series C, January 2016||$20 Million||$108.42 million|
|Series D, January 2017||$50 Million||$725 million|
|Series E, April 2018||$50 Million||$1.65 billion|
|Series F, December 2018||$150 Million||$2.05 billion|
|Series G, June 2020||$100 Million||$3.5 billion|
|Series H, December 2020||$100 Million||$7 billion|
|September 2021||$500 Million||$15 billion|
- As of January 2021, an average Discord user in the United States spends 280.6 minutes per month on the platform, which equates to about 5 hours per month or 9 minutes per day.
- There are 19 million active Discord servers per week and Discord servers host 4 billion minutes of conversations daily. (Discord)
- As of October 2020, 3 percent of US teenagers thinks that Discord is their favorite platform.
- As of February 2021, Discord is the 4th most popular platform for video game streaming.
Frequently Asked Questions
What is Discord?
Discord, to put it simply, is a chat app that allows you to communicate with different people over the Internet in voice, video, and text, like Skype or TeamSpeak.
Discord, generally preferred by people who play online computer games, supports audio, and written communication as well as video calls and allows you to open live broadcasts. In other words, you can broadcast to the people you speak to.
How Does Discord Make Money?
Discord operates on a ‘freemium’ business model. This means that the platform is free for anyone to download and use, but an additional premium subscription is available. It has two main income streams.
Other sources of income include server buffs and fees for games sold on its servers. Discord introduced a Developer Portal where game developers can develop their own games and distribute them exclusively on Discord. 90% of every game sold goes back to the developers and Discord gets 10%.
What is Discord Nitro?
Its main revenue stream is Discord Nitro with its premium subscription. Loyal Discord users who chat and stream 24/7 on the platform may want to consider Discord Nitro, which comes with upgraded features for an enhanced user experience. These features include HD quality video streams, larger file upload size, and personalized avatars and stickers.
Discord Nitro costs $9.99 per month or $99.99 per year.