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Substack vs beehiiv: who keeps more of your subscription revenue

A single 2026 review does the cost math on two newsletter platforms. We read it for what holds up and where its affiliate links color the verdict.

Cold Signal Editorial · 4 min read · from 1 source(s)
Substack vs beehiiv: who keeps more of your subscription revenue
Verdict

For a writer who wants the simplest path to publish and get discovered, Substack fits: nothing to run, though it keeps 10% of paid subscriptions plus Stripe fees, forever. For an operator treating a newsletter as a business with growing paid revenue, beehiiv's flat monthly plan and zero platform cut leave more per dollar as you scale, per Savage Reviews' review. The crossover tips toward beehiiv as monthly subscription income climbs.

What does each platform actually charge?

The two pricing models sit at opposite ends. Substack, launched in 2017, costs nothing monthly and stays free even at 100,000 subscribers, the review notes. The trade is a 10% slice of every paid subscription, plus Stripe's processing fees, with no expiry. beehiiv, built in 2021 by people from the Morning Brew team, runs free up to 2,500 subscribers. Past that, its scale plan starts at $43 a month.

Once you monetize on beehiiv, the platform takes no cut of subscription revenue, according to the same review. So the choice is structural, not cosmetic. Pay nothing up front and surrender a percentage of what you earn, or pay a fixed monthly bill and keep the rest. Which wins depends entirely on how much paid revenue you pull in.

At what revenue does beehiiv get cheaper than Substack?

The review walks through the arithmetic. Earn $500 a month from subscriptions and Substack's 10% comes to $50, while beehiiv's plan runs $43, close enough to call a tie. Push revenue to $1,000 and Substack's cut doubles to $100. At $2,000 it climbs to $200, and beehiiv's flat fee does not move.

That is the whole case in one line: a percentage scales with your income, a flat fee does not. Below the $500 range the difference barely registers, so a small newsletter feels no pinch on Substack. As paid revenue grows, the gap widens in beehiiv's favor, and the review says it keeps widening from there.

Which one should a writer pick, and which suits a business?

Use-case decides this. A solo writer who wants to publish fast and lean on built-in discovery has a real reason to stay on Substack, which the review frames around its reader network: it cites 35 million active subscriptions on the platform and 3 million people paying for content. For someone starting from zero, that audience and the simple setup carry weight.

An operator running multiple revenue streams gets a different answer. beehiiv leans toward growth tooling: custom domains, referral programs, analytics, and an ad network, per the review. The reviewer also points to publishers like Time moving over and to the platform passing its fifth year. Treat those as that creator's framing, since no second source here confirms them.

Can you trust a review that runs affiliate links?

Worth a flag before you act on any of this. The reviewer states outright that the description holds an affiliate link to one of the products, plus a general shopping link, both of which pay the channel when viewers buy. A reviewer who earns on a click has a quiet reason to nudge you toward the tool that pays.

The verdict still favors beehiiv for business users, and the underlying math checks out on its own terms. We read it as one creator's analysis, not a settled comparison. With a single video and an affiliate incentive in play, confirm the current pricing on each vendor's own page before you commit, since plans shift.

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FAQ

Does Substack really charge nothing to run a newsletter?

The review says Substack has no monthly fee, even at 100,000 subscribers. The cost comes later: it takes 10% of every paid subscription plus Stripe's payment fees, with no time limit.

How much does beehiiv cost when you outgrow the free tier?

beehiiv is free up to 2,500 subscribers, according to the review. Above that, its scale plan starts at $43 a month, and the platform takes no cut of your subscription revenue.

At $1,000 a month in subscriptions, which is cheaper?

Per the review's math, Substack's 10% cut equals $100 at that level, while beehiiv's plan stays at its flat monthly rate. Above roughly $500 a month, the flat fee starts to win, and the gap grows as revenue rises.

Is beehiiv better than Substack for paid newsletters?

For a business with growing paid revenue, the review argues beehiiv keeps more money because it charges a fixed fee instead of a percentage. For a small or new newsletter, Substack's free model and built-in audience may cost less in practice.

Why does Substack suit writers who are starting from scratch?

The review credits Substack's reader network, citing 35 million active subscriptions and a discovery system that surfaces new writers. A creator with no existing list gets exposure that a standalone platform does not provide out of the box.

Should I trust a review that links to affiliate offers?

Treat it with caution. The reviewer admits the description carries affiliate links that pay the channel on purchases, which is a reason to verify the pricing yourself. The cost math holds up, but read the final ranking as one creator's opinion.

Some links are affiliate links. We earn a commission if you subscribe, at no extra cost to you. It never changes our read of a tool.

Last updated 2026-06-21
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Cold Signal · Cold Signal synthesizes public video reviews from independent creators. Some links may be affiliate links; they never change our read of a tool.