Newsletter Benchmarks

Median open rates, CTR, and growth rates across the newsletter industry. Filter by category, list size, and ESP.

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Overview

Median Open Rate

37.7%

n = 135,593on par with all-time

Median Click-Through Rate

3.3%

n = 134,503on par with all-time

Median Monthly List Growth

3.5%

n = 970on par with all-time

Median Unsubscribe Rate

0.20%

n = 1,100on par with all-time

Compare medians

Break down a single metric across categories, list sizes, or ESPs.

Beehiiv report categories, cross-referenced

Figures Beehiiv tracks in its yearly State of Newsletters that don’t fit the cohort view above. Each card links to the primary source and, where available, a comparable data point from another public report.

Mobile open share

96.2%

as of 2024

Automated vs. regular CTR

13.48% / 4.59%

as of 2024

Daily-send share

15.82%

as of 2024

Time to first dollar

66 days

as of 2025

Top-paying sponsorship vertical

$66 / 1K

as of 2024

Best send day (open rate)

Tue · 38.25%

as of 2024

Industry over time

Creator revenue and platform scale for the two most-cited newsletter platforms, 2023–2025. Values are drawn from disclosed figures in public reports; where a year was not publicly reported, the series is left blank for that year rather than estimated.

Creator revenue flowing through platforms

USD — Substack ARR, Beehiiv paid-sub GMV, Beehiiv Ad Network

Substack Annualized RevenueBeehiiv Paid SubscriptionsBeehiiv Ad Network

Creators / publications on platform

Beehiiv + Substack paying creators

BeehiivSubstack