Discord is a well-known gaming communication platform launched in 2015.

It is perfect for all gamers to connect to more than 140 million monthly active users, most especially from the gaming community.

It is best for video calling, chatting, and screen sharing. It also has integrations with Xbox Live, Twitch, and Spotify.

Are you one of the avid users of Discord and curious to know how much money it makes per year? Just continue reading.

How Much Money Does Discord Make in 2023?

Discord

The rise of Discord coincided with the rise of e-sports.

It makes money from its subscription service, server boost, distribution fees, merchandise store, cosmetic items, and funding from giant companies.

Discord did not disclose its revenue to the public, however, according to estimations, it made a total revenue of approximately $130 million in 2020.

This is equivalent to a whopping 188% increase from the previous year. Its mobile in-app purchase revenue worldwide reached $94.82 million in 2021.

Aside from its revenue, it also received $500 million in funding from Series H in 2021, acquiring total funding of $980 million since its inception.

It was valued at around $15 billion in 2021, more than double its value the previous year.

This platform offers premium subscription packages for more exciting perks.

These include a Discord Nitro Basic subscription amounting to $4.99 monthly or $44.99 annually and a Discord Nitro subscription for $9.99 monthly or $99.99 annually.

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Discord Revenue by Year

Discord generated an estimated revenue of $130 million in 2020, almost triple its revenue in the prior year.

Its revenue in 2021 was projected to be more than $200 million.

Let’s take a look at the estimated annual revenue of Discord from 2016 to 2021:

  • In 2016, Discord generated an estimated revenue of $5 million
  • In 2017, Discord generated an estimated revenue of $10 million
  • In 2018, Discord generated an estimated revenue of $30 million
  • In 2019, Discord generated an estimated revenue of $45 million
  • In 2020, Discord generated an estimated revenue of $130 million
  • In 2021, Discord generated an estimated revenue of $200 to $300 million

In-App Purchase (IAP) Revenue of the Discord Mobile App

This mobile communication app recorded an in-app purchase revenue of $59.2 million in Q1 and Q2 2022.

It is up by $17.78 million compared to Q1 and Q2 last year.

Here is a list of Discord in-app purchase revenue from Q1 2021 to Q2 2022:

  • Discord had an in-app purchase revenue of $18.35 million in Q1 2021
  • Discord had an in-app purchase revenue of $23.07 million in Q2 2021
  • Discord had an in-app purchase revenue of $25.41 million in Q3 2021
  • Discord had an in-app purchase revenue of $27.99 million in Q4 2021
  • Discord had an in-app purchase revenue of $30.45 million in Q1 2022
  • Discord had an in-app purchase revenue of $28.72 million in Q2 2022

Discord Cumulative Funding

Discord received $980 million in funding since its establishment, representing a $951 million increase from five years ago.

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The most recent funding round was from Series H, raising $500 million in September 2021.

Below is a list of Discord’s cumulative funding from 2012 to 2021:

  • In 2012, Discord received $1 million in total funding
  • In 2013, Discord received $9 million in total funding
  • In 2016, Discord received $29 million in total funding
  • In 2017, Discord received $80 million in total funding
  • In 2018, Discord received $280 million in total funding
  • In 2020, Discord received $480 million in total funding
  • In 2021, Discord received $980 million in total funding

Discord Valuation

Discord

During the COVID-19 pandemic, people looked for communication platforms to stay connected with others.

Discord was valued at $7 billion in 2020, from $2 billion before the pandemic. After a year, it doubled its value to $15 billion.

Here is Discord’s valuation from 2017 to 2021:

  • In 2017, Discord was valued at approximately $1.6 billion
  • In 2018, Discord was valued at approximately $2 billion
  • In 2019, Discord was valued at approximately $3.5 billion
  • In 2020, Discord was valued at approximately $7 billion
  • In 2021, Discord was valued at approximately $15 billion

Conclusion

Discord is a social app with live video and embedded voice features, mostly used by gamers to interact while playing.

Only 30% of its users use it for sports, movies, TV shows, and dating.

As of May 2022, Discord.com users were mostly Millennials, aged 25 to 34 years old, accounting for 42.4% of the total number of users.

Sources

BusinessofAppsThink ImpactEarthweb
CB InsightsBusiness Strategy HubStatista
Statista