Monetisation · Reuters · 2022–2024
Subscriptions from zero
Launched Reuters mobile and web subscriptions and grew them to 173K paying subscribers in 18 months, with 94% sustained monthly retention.
- 173K
- paying subscribers in 18 months
- 7.5×
- iOS paywall conversion, 0.2% → 1.5%
Context
A 0-to-1 launch inside a large organisation with strong opinions about free access. Every surface change touched editorial, legal and brand.
The problem
Reuters had a huge free audience and no consumer subscription. The paywall had to earn money without driving readers away.
What the evidence said
On iOS, the drop-off wasn't the price. It was the form: account creation and card entry before a reader could pay.
Options on the table
What shipped
- Mobile and web subscription launch
- Apple Pay and one-tap sign-up on the iOS paywall
- A test-and-learn programme on meter and paywall placement
Outcome
173K paying subscribers in 18 months, 94% sustained monthly retention, $1M ARR in week four, and iOS paywall conversion from 0.2% to 1.5%.
My role, and the team's
- Me
- Owned the subscription roadmap, the paywall experiments and the conversion funnel.
- The team
- Mobile and web engineering, design, analytics and the consumer marketing team.
From the working file
- Target
- Prove paying demand without a drop in free engagement.
- Result
- $1M ARR in week four.
- Guardrail
- Free-reader engagement held within the pre-agreed band.
- Next
- Remove checkout friction on iOS: Apple Pay, one-tap sign-up.
What I'd do differently
I'd instrument the full funnel before launch. The first month's data had a blind spot between paywall view and checkout start.