Review · Marketing & SEO
Substack review
Free publishing platform for newsletters, podcasts and video that earns a share of paid subscription revenue.
By the KeenVerdict research desk · Updated November 12, 2026
- Features (40%)
- 8.0
- Ease of use (30%)
- 9.4
- Value (30%)
- 8.8
Substack is the easiest way to start a newsletter without paying anything. Publishing is free, with no tiers or contracts, and Substack only earns when you do: writers keep 90% of paid subscription revenue minus credit card fees. The main reason to pick it is the network. Substack says it has 5 million paid subscriptions, that more than half of new subscribers come from its built-in network, and that 30% or more of paid subscriptions start inside that network, through recommendations, Notes and collaborations. It also hosts podcasts and live video, and Substack Defender offers legal support such as pre-publication review. The cost of that simplicity is control. You get fewer automation, segmentation and design options than on Kit, beehiiv or Ghost, and the 10% cut can exceed a flat monthly fee once paid revenue grows. A newsletter earning $5,000 a month hands $500 to Substack, more than beehiiv Pro costs.
Who it is for
Writers who want to start free and grow through a reader network
Price
Free to publish; writers keep 90% of paid subscription revenue minus card fees.
Writers keep 90% of their revenue minus credit card fees.
Quoted from the vendor pricing page on November 12, 2026.
Key features
- Free to start with no platform fees, tiers or contracts
- Paid subscriptions with writers keeping 90% of revenue minus card fees
- Built-in reader network with recommendations, Notes and collaborations
- Podcast hosting through the Substack Recording Studio and live video
- Substack Defender legal support for publishers
Strengths and weaknesses
- Strength: No cost until readers pay you
- Strength: Substack says more than half of new subscribers come from its built-in network
- Strength: Posts, podcasts and video publish from one account
- Weakness: Substack keeps 10% of paid subscription revenue, which adds up as income grows
- Weakness: Design control is limited compared with Ghost themes
- Weakness: Fewer automation and segmentation tools than Kit or beehiiv
Key facts
- Free plan: Yes, free to publish
- Platform fee: 10% of paid revenue
- Paid subscriptions on Substack: 5 million and counting, per Substack
- Legal support: Substack Defender
Where it ranks
Substack is No. 3 in our Best Newsletter Platforms verdict.
Alternatives we scored
- beehiiv8.9
- Kit8.8
- Ghost8.5
- MailerLite8.5
Visit substack.com · Questions or corrections: editorial@keenverdict.com