Information about Discord´s financial performance has been limited so far. Prior to that, it reached a valuation of $7 billion in December 2020.Ĭurrently, the ownership of Discord is made up of a range of individuals - which includes its founders - and institutional investors. UAE-based Telegram´s - another major competitor - popularity has exploded in recent years, and it boasts 700 million monthly active users.ĭiscord raised $500 million at its latest fundraising round in September 2021, which gave it a valuation of $15 billion. It has recently been acquired by tech giant Salesforce. There is also Slack, which is targeting enterprise use. TeamSpeak is another app that is particularly popular in the e-sports space. It currently has more than 120 million active users. Steam is a text/voice messaging service that focuses on gamers. Shareholders are likely to put pressure on the company to introduce ads, which could create another significant revenue stream. It remains to be seen if Discord will be able to remain ads-free once it goes public. Users get custom and animated emojis, custom tags, server boosts, and other premium features. Instead, the company generates revenues from premium subscriptions (called Nitro) and other services such as server boosting and game distribution fees.ĭiscord´s premium package is called Nitro and is available for $9.99 per month or $99.99 per year.

Surprisingly, Discord remains ads-free, unlike many of its competitors. So, how does the company make money then? Nevertheless, a 2023 IPO is still possible as the interest in Discord has not diminished.

central bank keeps raising interest rates, making it more difficult for companies lacking an established track record to raise money. The current market environment is particularly tough for technology companies, as the U.S.

A listing is likely to occur on the New York Stock Exchange (NYSE) or NASDAQ, and the most recent fundraising round in August 2021 put Discord´s value at $15 billion. While there is still no date announced, Discord going public is one of the most widely anticipated IPOs on Wall Street.

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