KeenVerdict

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

Visit substack.com · Questions or corrections: editorial@keenverdict.com