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Discord Statistics 2024: Valuation, Revenue & Market Share

Discord has rapidly grown from a gaming-focused chat app to a full-fledged communication platform since its launch in 2015. With over 150 million active users and 19 million active communities, Discord has become a popular hub for online social interaction.

This article provides a comprehensive overview of Discord‘s key statistics and facts in 2024, including user numbers, valuation, revenue, market share, and more.

Key Discord Statistics for 2024

  • Discord is worth around $15 billion as of 2022, up from $7 billion in 2020.
  • There are over 150 million active Discord users per month as of 2021.
  • 19 million active servers/communities exist on Discord as of 2022.
  • Daily active users peaked at 10.6 million concurrent users in early 2020.
  • Over 960 million messages are sent daily on Discord as of 2020.
  • Users spend 4 billion minutes per day in conversation on Discord servers.
  • Discord has raised $482.6 million in funding to date over 12 rounds.
  • Discord generated $130 million revenue in 2020, up 188% from $45 million in 2019.

Discord Revenue, User, Funding and Server Statistics

Let‘s dive deeper into the key stats around Discord‘s growth.

Average Time Spent on Discord

The average Discord user in the US spends 280.6 minutes per month on the platform. That equates to around 4 hours and 40 minutes monthly, or just under 10 minutes daily. This high engagement demonstrates Discord‘s stickiness and habit-forming nature.

Discord‘s Annual Revenue

In 2019, Discord generated $45 million in revenue. This jumped 188% to $130 million in 2020.

Revenue mainly comes from its subscription service Nitro ($9.99 per month) which offers perks like animated avatars, larger file uploads and better video quality. Other monetization avenues include Server Boosts ($4.99 per month) and Stickers.

The impressive revenue growth indicates Discord is monetizing its large user base well. Expect revenue to continue growing rapidly in 2024 and beyond.

What is Discord‘s Net Worth?

In 2020, Discord was valued at $7 billion during a fundraising round. However, its valuation has since skyrocketed to around $15 billion as of late 2021.

This places it above firmly established platforms like Reddit, and demonstrates investor confidence in Discord‘s future growth potential.

Acquisitions

Since 2018, Discord has acquired three companies:

  • Blitz App (2018) – An AI gaming coach for games like League of Legends and Valorant.
  • Sentropy (2021) – Focused on fighting online harassment and abuse.
  • Ubiquity6 (2021) – Develops augmented reality technology.

These acquisitions indicate Discord is seeking to expand its product capabilities in gaming, safety and AR.

Conversation Minutes

Discord users spend an enormous 4 billion minutes per day in conversations on its servers. This works out to over 2.7 billion hours per month.

Monthly Active Users

Discord has experienced massive user growth in recent years:

  • 2019: 56 million
  • 2020: 100 million
  • 2021: 150 million

COVID lockdowns played a big role in propelling Discord‘s recent growth. It‘s become a digital "third place" for millions of new users.

Total Funding

Discord has raised over $482 million in funding to date across 12 rounds:

  • Latest round (December 2020): $100 million
  • Largest round: $150 million (Series F, 2018)
  • Lead investors: Index Ventures, Greylock Partners, Greenoaks Capital

This substantial funding has fueled Discord‘s expansion.

Streaming

In 2021, 14% of US gamers said they watch gaming live streams on Discord. This makes it the 4th most popular platform for game streaming, ahead of Facebook (16%) and behind only Twitch (47%), YouTube (40%) and Facebook (16%).

Discord is carving out a niche in the game streaming ecosystem, despite not being a dedicated streaming platform.

Top Servers

  • MrBeast‘s server is the largest public Discord server with over 700k members.
  • There are over 19 million active servers on Discord as of 2022.
  • Servers exist for all types of communities – gaming, music, sports, investing, socializing and more.

Usage Among Teens

Among US teens, 3% say Discord is their favorite social media platform. While dwarfed by apps like TikTok and Snapchat, this shows Discord has carved out a substantial niche among young users.

Employee Compensation

The average salary for a Discord employee is $131,679 per year, or $63 per hour. This suggests Discord pays competitively to attract top talent.

150 Million Monthly Active Users

Discord passed 150 million monthly active users in 2021, up from just 56 million in 2019. It‘s one of the fastest growing social apps.

User growth has steadily increased over the years:

  • 2017: 45 million
  • 2018: 130 million
  • 2019: 250 million
  • 2020: 300 million
  • 2021: 350 million registered users

Discord is now available across platforms including Windows, Mac, Linux, iOS, Android and web browsers.

950+ Million Daily Messages

In 2018, Discord users were sending 850 million messages per day. By 2020, this had jumped to over 960 million daily messages.

That‘s over 25 billion messages sent per month. Message volume correlates to user growth, indicating organic growth rather than inflated user figures.

10.6 Million Concurrent Users

Discord hit a peak concurrent user count of 10.6 million in early 2020. This refers to the number of users online at the same time.

For comparison, Discord‘s closest competitor TeamSpeak peaks at around 5 million concurrent users. Discord‘s concurrent user count has likely grown significantly since early 2020.

19 Million Active Servers

Over 19 million active server communities now exist on Discord, up from 17 million in 2021.

These servers cater to all types of interests including gaming, music, sports, socializing, investing and more. Discord is becoming a digital hub for communities.

$482.6 Million Raised

Across 12 funding rounds, Discord has raised $482.6 million in funding. Given Discord‘s huge growth, this valuation is likely to increase substantially in future rounds.

Key highlights:

  • Latest round (March 2021): $3.3 million
  • Largest round (Series F, 2018): $150 million
  • Lead investors: Index Ventures, Greylock, Greenoaks Capital

Valuation of $7 Billion in 2020

A funding round in 2020 valued Discord at $7 billion – a huge leap from its 2018 valuation of $1.65 billion.

This demonstrates the perception of Discord‘s enormous growth potential in the social media space. The company is now estimated to be worth around $15 billion.

3 Company Acquisitions

Expanding its capabilities, Discord has acquired:

  • Sentropy (2021) – Anti-harassment AI
  • Ubiquity6 (2021) – AR technology
  • Blitz App (2018) – Gaming coach app

Expect further acquisitions as Discord looks to strengthen its product offering.

Turned Down $12 Billion Buyout Offer

In 2018, Discord reportedly turned down a $12 billion acquisition offer from Microsoft. This shows the confidence of Discord‘s founders in its future growth prospects.

$130 Million Revenue in 2020

Discord‘s revenue grew impressively from $45 million in 2019 to $130 million in 2020.

Monetization mainly comes from its Nitro subscription service. Other revenue streams include Server Boosts, stickers, and merchandise.

With strong continued user growth, expect revenue to keep surging past $200 million in 2021.

4.4 Hours Monthly Time Spent

The typical American Discord user spends 280.6 minutes monthly on the platform. That‘s 4 hours and 40 minutes per month on average.

It‘s an impressive level of engagement, especially for a young platform. This sticky user behavior increases Discord‘s monetization potential.

3% of Teens Favorite Platform

Among US teens, 3% named Discord as their favorite social media platform in a 2021 survey.

While dwarfed by Snapchat (62%) and TikTok (38%), it shows Discord has cultivated a niche base of young devoted users. Bear in mind it lacks features tailored to teens like TikTok and Snap.

Conclusion

Key points:

  • Discord has seen exponential growth, passing 150 million MAUs in 2021. It‘s estimated to be worth $15 billion.
  • Revenue is scaling fast, hitting $130 million in 2020. More revenue streams will be added.
  • Over 19 million active servers now exist on Discord, up from 17 million.
  • Discord turned down a $12 billion acquisition offer in 2018, showing long-term ambitions.
  • Usage and engagement is high, with over 960 million daily messages sent.
  • Discord has become the 4th most popular platform for game streaming in the US.
  • Further rapid growth is predicted in 2024 and beyond as Discord continues maturing.

With strong momentum across users, servers, revenue and valuation, Discord has cemented itself as a top social media platform – especially among younger demographics. It is no longer just an app for gamers.

Exciting times lie ahead as Discord explores new features and monetization methods. It is one of the most promising social media companies looking to eat market share from incumbents in an increasingly digital world.

Sources

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Written by Jason Striegel

C/C++, Java, Python, Linux developer for 18 years, A-Tech enthusiast love to share some useful tech hacks.