Platform’s churn management features minimized attrition-saving 14.8M subscriptions-and potentially boosting recurring revenues as much as 12.9%
SAN FRANCISCO, Jan. 11, 2023 /PRNewswire/ — Recurly, Inc., a leading direct-to-consumer subscription management and recurring billing platform, today announced that it successfully helped recover nearly $1 billion in revenue for its customers globally in 2022, representing 21.9% year-over-year growth from 2021. With over 50 million active monthly subscribers, Recurly processes in excess of $1B in payments each month for brands like Sling, Twitch, BarkBox, FabFitFun, Paramount, Lucid and Sprout Social, further powering its machine-learning engine to identify opportunities to capture revenue and customers which would otherwise be lost.
“The most successful subscription brands understand that expanding one’s customer base is only one core facet…
