Midjourney revenue estimate

Midjourney is a Design company, founded 2021, headquartered in San Francisco, CA. We estimate its annual recurring revenue at ~$48.0M (~$4.0M MRR), medium confidence, modeled from public signals.

Customers: ~170K paying customers at a blended ARPU of ~$24/mo.
Growth: web traffic is declining; estimated ~2.2% MoM.
Pricing: published tiers from $10 to $120.

### How much revenue does Midjourney make?
We estimate ~$48.0M ARR ($4.0M/mo MRR).
### How many customers does Midjourney have?
Approximately 170K paying customers.
### Is Midjourney growing?
Midjourney's web traffic is declining, with estimated growth around 2.2% per month.
### Is Midjourney public or private?
Midjourney is a private, Bootstrapped company founded in 2021.
### How accurate is this estimate?
Validated blind, our model lands within 2x of reported figures ~70% of the time and within 3x ~90%.