Book of the Month Club

Book of the Month Club: 100K subscribers, ~$10-15M recurring revenue

Shaan reports that Book of the Month Club — a 1930s business recently bought by a private individual for single-digit millions — now has 100,000 active paying customers, putting it at roughly $10-15M/year in recurring revenue, with the founder targeting 5x growth.

“Oh, that's Goodreads. And so Book of the Month Club now has 100,000 active paying customers. Wow. Which means they're in the revenue range of $10 to $15 million a year in recurring revenue. And they— the founder said in an interview he wants his goals to grow 5x a year.”