The Economist isn't just a magazine; it's a global institution. Translating that legacy into a successful mobile app generating a reported $850,000 monthly from 70,000 downloads is no small feat. So how does this nearly 180-year-old publisher command such digital loyalty and revenue? 🧐 Let's dissect the strategy behind The Economist's app.
First impressions count, especially when you're aiming for premium subscribers. The Economist's onboarding flow, reportedly around 5 steps, quickly funnels users towards its core offering: content access.
Users encounter distinct paths depending on their entry point or chosen plan (like "Podcasts" vs. "Full digital access"). The full access path immediately presents subscription options, leaning heavily on an annual plan ($229/year after a 1-month free trial) framed with a "Save 16%" tag and a monthly breakdown ($19.08/mo) to soften the yearly commitment. A monthly option ($22.90/month after a 1-week trial) is also present but clearly de-emphasized.
Interestingly, a separate flow, perhaps targeting podcast listeners or running as an A/B test, shows a significantly lower "Podcast" access tier ($49/year after a 50% off first-year offer, or $4.90/month). This tiered approach is smart, potentially capturing users unwilling to commit to the full price upfront. 💰
Account creation follows the subscription choice, offering standard email/password registration alongside social logins (Google, Apple, Facebook) and SSO. Notably, the registration form requests "Job title" and "Industry," hinting at data collection for personalization or B2B insights, though these fields seem to have auto-suggest features rather than being freeform mandatory entries initially. The process culminates in a welcome screen confirming account creation and access benefits.
The Economist utilizes a prominent free trial soft paywall. It doesn't gate the entire app immediately but makes it clear that sustained access requires commitment. The value proposition is hammered home consistently:
The App Store integration is smooth, presenting the native purchase confirmation sheet which clearly outlines the trial duration, the full price after the trial ($229.00 per year), and the renewal date. Transparency about auto-renewal and cancellation terms is crucial for building trust, especially at this price point.
Once inside, the app delivers the expected Economist experience – clean, professional, and dense with information.
The $850k monthly revenue from 70k downloads points to an extremely high average revenue per user (ARPU). This isn't a volume play; it's a value play targeting a dedicated, affluent, and information-hungry audience willing to pay a premium.
The app successfully translates The Economist's established visual identity—serif fonts, red accents, and a generally clean, authoritative layout—into a mobile format. The user experience feels polished and professional. Animations are subtle, loading states are clear, and interactions like adjusting text size or managing the audio queue are intuitive. The inclusion of both light and dark modes ensures usability in different environments.
The Economist app is a masterclass in leveraging brand equity and delivering high-value content to justify a premium subscription.
By deeply understanding its audience and delivering a feature-rich, polished experience, The Economist proves that legacy media can thrive in the demanding mobile app landscape, commanding significant revenue through a focused, value-driven strategy.
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