Discord is an online voice, video and text communication platform designed to communicate with friends and in communities.
Discord is an American IT company headquartered in San Francisco. She is the developer of the voice messenger with 150
millions of active visitors per month, which allows users to chat, make video calls and send text messages to each other.
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<span style="color:#253256"><div class="p-company-content-block__title">Business model</div></span></span></span></p>
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The company earns money by selling subscriptions that increase the capabilities of users within the platform. Discord is actively testing new ways to monetize the messenger.Nowadays, the company is actively expanding. Discord has more than 150 million active users per month, 19 million active servers per week and more than 4 billion minutes of communication on servers per day.
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<span style="color:#253256"><div class="p-company-content-block__title">Growth rates, market and profitability forecast</div></span></span></span></p>
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The dynamics of increasing the company's revenue over the past 5 years has been rapidly gaining momentum. In 2020, Discord earned 189% more than in 2019: $130M versus $45M.

The success of the company is supported by data on the increase in its capitalization and revenue. In 15 months, the cost of Discord has increased more than 4 times: from $3.5B in June 2020 to $15B in September 2021. And according to the latest available data, the company's revenue increased 26 times from 2016 to 2020 - from $5M to $130M.At the moment, most users use Discord for a more comfortable pastime in games. Therefore, the company's product depends, among other things, on the gaming industry.
The global gaming industry is expected to grow at an average annual growth rate (CAGR) of 12% between 2020 and 2025, according to Business Wire.
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<span style="color:#253256"><div class="p-company-content-block__title">Future plans</div></span></span></span></p>
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In addition, the annual number of users of messengers and social networks is growing, the Discord audience is no exception. In 2021, more than 4.5 billion people used them — almost 10% more than in 2020.The trend of the past year, consisting in an increase in the number of users using Discord for non-gaming purposes and spheres of life, allows us to compare it not only with “gaming communicators”, but also with professional services. That is why Slack, Microsoft Team, Skype, TeamSpeak, Zoom and Tox can be considered competitors of the company - both direct and indirect.The uniqueness and convenience of the messenger, its active and expanding audience, the desire of corporations such as Microsoft, Epic Games and Amazon to acquire Discord, the evolution of new ways to monetize the project and plans for further improvement of the technology - all this allows us to predict the further rapid success of the company.
