Kick founder refutes \u201cburning money\u201d claims, says they turned profit in Q1 KickKick co-founder Ed Craven has denied that the new streaming platform is \u201cburning money\u201d, claiming they turned a profit in their first quarter. Despite launching just months ago, Kick has quickly grown to rival some of the biggest platforms in the live-streaming industry. Notably, they\u2019ve gone toe-to-toe with Twitch, battling to take some of their top creators \u2014 offering lucrative contracts and a hefty 95\/5% subscription revenue split. Although recently a former Amazon engineer has raised concerns about the platform\u2019s long-term sustainability, arguing that Kick is \u201csubsidizing\u201d and \u201cburning money\u201d paying Amazon for their streaming services. However, in an interview with Kick content creator Big E, the site\u2019s co-founder Eddie has denied that they\u2019re burning money, and have in fact seen profit. Kick co-founder says platform already turned profit \u201cI\u2019ll be honest with you right now, Kick has only been around for three to four months, right? We saw profit in Q1,\u201d the co-founder claimed during an April 15 interview. \u201cWe saw profit in Q1 just through one strategic partnership. \u201cIt\u2019s not a difficult business model to sustain if you\u2019re doing it correctly. I think there is a way to go about this. I think as long as people understand there is a long-term roadmap out there that we\u2019re very comfortable with and doubling down on, I really look forward to seeing what\u2019s achievable.\u201d Ed continued: \u201cI think all the people sort of doubting it is kind of interesting, and I think they\u2019re already going start doubting it less every month that goes by.\u201d \u201cI think naturally, people are skeptical for the right reasons, and we\u2019ll just continue to prove them wrong. Taking people\u2019s subscription money isn\u2019t what makes live streaming sustainable. That is the biggest misconception.\u201d The co-founder also clarified that the company isn\u2019t overpaying AWS for its server costs, adding that right now, there are \u201cabsolutely no issues\u201d with Kick\u2019s sustainability. \u201cWe\u2019re making two to three-year deals with people right now,\u201d he said. Currently, Kick is beginning to see massive month-on-month growth. According to website stat tracker SimilarWeb, Kick.com received 58 million visits in March \u2014 a massive increase from just 13 million in January and 29 million in February. However, they\u2019ve still got long to go until they battle Twitch for the top spot, which averages around 1 billion site visits per month.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kick founder refutes \u201cburning money\u201d claims, says they turned profit in Q1 KickKick co-founder Ed Craven has denied that the new streaming platform is \u201cburning money\u201d, claiming they turned a profit in their first quarter. Despite launching just months ago, Kick has quickly grown to rival some of the biggest platforms in the live-streaming industry. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-52792","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/52792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=52792"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/52792\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=52792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=52792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=52792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}