Buffer May Update: $283k MRR; We’re Now a Team of 24
Founder CEO @ Buffer
I’m excited to share the details for Buffer’s progress in May.
If you want to read our update from April, you can take a look here.
I’ll keep it short this month, just wanted to give you an update on our latest progress.
Traction update
• New users: 60,000 (Total: 1,537,000, from 1,477,000: +4.1%)
• Daily active users: 40,000 (last month also 40,000)
• Monthly active users: 156,000 (down from 157,000: -0.6%)
• Monthly Recurring Revenue (MRR): $283,000 (Annual: $3,396,000 up from $3,158,000: +7.5%)
• Bookings revenue: $311,000 (Annual: $3,732,000 down from $4,128,000: -9.6%)
• Cash in bank: $653,000 (last month: $585,000)
• Team size: 24 people across 5 continents
We’re happy with the MRR growth and the bank balance growing steadily. We’ve also been working on a few new things to innovate and try to move the needle in bigger ways.
P.S. Want more Buffer news, productivity advice and lifehacking tips? You might enjoy our Buffer: Open Blog newsletter. Receive each new post delivered right to your inbox! Sign up here.
Try Buffer for free
180,000+ creators, small businesses, and marketers use Buffer to grow their audiences every month.
Related Articles
What it was like to join a fully remote team like Buffer, and how going on the company retreat so early on helped shape my journey in ways I hadn’t imagined.
If you’ve followed Buffer for a while, then you know we have a few uncommon approaches to teammate benefits and compensation. The example I’ll dig into today is our “Dependent Grant,” which we launched in 2016. Our Dependent Grant is separate benefit, outside of salary, that we grant teammates who are taking care of and supporting family members. It’s an extra $3,000 USD per year per child, up to four dependents total. This has been one of our most unusual (and at times controversial) benefits
It can feel incredibly challenging to hire, and hire well. For one thing, hiring is usually a significant time investment for our small team — we once had 1,500 applications in just over a week for a content role (!!) — but beyond that, we are so intentional about the ways that we collaborate. Buffer is a fully remote, global, and culturally diverse company operating with a four-day work week. Finding someone who will thrive in our work environment, and is also highly skilled in the areas we’r
