This is a public version of the HackerNoon shareholders' newsletter by CEO David Smooke and COO Linh Smooke sent to 1.3k shareholders.
TL;DR
- YoY Revenue from 2023 to 2024 increased by 22%.
Business Blogging overtooktargeted ad placements andwriting contests as our top source of revenue, seeing a YoY rise of 189%. - YoY Expenses from 2023 to 2024 decreased by 28%. We cut non-essential third party software, slightly reduced staff, and re-architectured towards a lower tech stack bill.
- We joined Cloudflare's
AI Workers Cohort (Cloudflare blog post ) to expand our tech blogging network via $250k in cloud credits. Currently, 560 additional sites are powered by our community driven CMS (content management system), such asEditingProtocol.com ,NewsByte.tech , andTextModels.tech . - YoY Audience Development, weāve achieved healthy growth in all metrics as compared to 2023: 187+ million emails delivered (+30%) to 523k+ email subscribers (+151%), 85+ million pageviews (+65%) on
hackernoon.com , 106k+ active users in writing app (+57.6%), and 709k+ community members across allmajor social media channels (+9.3%).Ahrefs , the top SEO software, ranks us as the 2,747th top domain in the world. For a more detailed look at our 2024 recap, check outHackerNoon Decoded , our version of the āSpotifyā Wrapped!
Read the full Blog Post below for full context.
š°Business Progress & Development
After five years of doubling revenue annually (2017ā2021), we achieved consistent low-million revenue for three years (2022ā2024) while expanding our tech blog library, enhancing publishing software, and growing our audience. In 2024, Business Blogging surpassed ads as our top revenue source with a 189% YoY increase, making blog posts central to our mission. In 2025, weāll focus on accelerating revenue through Business Blogging while supporting ad placements and writing contests as secondary revenue streams.
Business Blogging primarily relies on the publishing software weāve built to make HackerNoon what it is today, such as:
More notable HackerNoon business developments in 2024:
HackerNoonās Startups of the Year 2024 Kicks Off with Record-Breaking Engagement (announcement ,standalone site for updates , and#startupsoftheyear tag ): Half way in, the 3rd year annual campaign has reached millions of votes on 153.6k nominated startups across 2.9k cities and98 industries . Startups of the Year 2024 is sponsored byNotion ,Wellfound ,Bright Data ,Algolia , andHubSpot . Winners receive aninterview on HackerNoon , anEvergreen Tech Company News page , and sponsor perks. Reflecting the technology industry requires a comprehensive tech company database. HackerNoonās building a database that is open, reliable, and editable that will enable technologists to make informed decisions about which emerging startups to learn about, invest in, partner with, or even work for.Startups of The Year created tens of thousands of freemium company accounts ,thousands of organic social media mentions ,and scaled up our staff and community curated company database with verified and original data (like dynamic votes ).
We joined Cloudflareās AI Workers Cohort (also see their blog ). This grants us $250k in cloud credits, reducing HackerNoon's operating costs and supporting the development of our RAG (retrieval-augmented generation) AI Librarian. Our custom CMS is currently powering 560 of our sites. Some examples areNewsByte.tech ,Memeology.tech ,TextModels.tech ,Gamificiations.tech ,Escholar.tech ,LearnRepo.com ,Homology.tech ,Dataology.tech ,Browserology.tech ,HistoricalEmails.com ,CoinWikis.com ,Blog.Slogging.com ,Noonion.tech ,HackerNoon.tech ,PublicDomain.tech ,LegalPDF.tech ,OpenDatasets.tech ,Abstraction.tech ,FewShot.tech ,Diction.tech ,Computational.tech ,Editorialist.tech ,Reinforcement.tech , andMediaBias.tech . In Q1 2025, these sites will deploy our upcoming RAG AI Librarian to help anyone learn any technology.
- Businesses and individual writers can
explore automated and recurring services via HackerNoonās NewCart System , including Business Blogging publishing credits,Boost-Your-Story feature,multi-pack language translations , Startups of the Year special offers, Evergreen Tech Company News Pages, andmore . This feature launched in Q4 2024 and we are now seeing daily purchases without talking to a staff member for these smaller upsells.
- We introduced the
Technology Press Release Business Blog Post as a way for companies to also publish their HackerNoon business blog posts as press releases on AP, Yahoo, Digital Journal, Benzinga, and other established wire services. This offering better serves our announcement, funding, milestone, and partnership type of business blog posts.
- Hereās a list of some of our notable recent customers (fewer than 20 picked from
over 4,500 !) You can read about them in our new seriesCompany of the Week &Startups of the Week .
š CMS Product Updates and Releases
We publish more regular product releases and updates on
Changing the world one blog post at a time, we are proud of these recent product developments to HackerNoonās publishing platform.
MongoDB Is Our New Backend Home for All Story and business database content
We migrated from Firebase to MongoDB to optimize our high-traffic blogging network. Firebaseās read-based pricing made MongoDBās model more efficient. Both being NoSQL databases, the transition involved converting Firebase's unconventional timestamps to standard datetime objects. MongoDB's server-side aggregation reduces data transfer and processing. As part of the MongoDBs Startup Program, we did not pay for MongoDB hosting in 2024. We still rely on Google Cloud Platform for authentication, translations, and AI integrations, but Firebase (GCP) now serves as a backup for content. In total we reduced our YoY GCP bill by 46%. MongoDB improves performance and efficiently handles complex queries, streamlining our infrastructure.
Revamped Story Pages
The story pages have been redesigned for improved readability, featuring enhanced sections like translations and TLDR summaries, along with playful pixelated icons for interactions, and a more accurate around the web section that highlights whenever an article is mentioned in a 3rd party website.
HackerNoon Translation Feature
HackerNoon
New AI Editor
Mobile App Developments
Since launching, the HackerNoon mobile app has seen significant improvements across multiple updates. In
Emoji Credibility Indicators are Live on Figma and Github
Our open-source pixelated emoji pack was designed to communicate context about a story's content on HackerNoon and you can be amongst the first to try them!
One-Tap Google Signup and Login on HackerNoon makes it easier for users with a Google account
By simply being logged into Google, users can sign up or log in with just one tap. This means more users log in. If you donāt have a Google account, the regular signup flow is still available.
Top Technology Writers Rankings
The latest evolution of
Auto Posting on Socials
For writers, we introduce
Enhanced Stats Pages
The latest update to HackerNoonās story
Updated Profile Pages
Subscribe Page
One-stop-shop for readers to subscribe to all newsletters. The page features five newsletters:
Introducing the HackerNoon Inbox
Weāve enhanced our messaging system to streamline communication between editors and writers. This feature allows users to send messages directly from draft settings, keeping all conversations organized and easily accessible. The update includes color-coded messages, threaded replies, infinite scrolling, and mobile first UI. With added options to edit and delete messages and access Help and FAQs, this update offers a more efficient, real-time, app-like experience for draft collaboration.
HackerNoonās AI Image Gallery Got a Makeover
Our
Pixelated Avatars (announcement post & live demo )
Users can create custom pixelated avatars for their profiles, bringing a fun, personal touch to their HackerNoon experience.This new feature adds a fun, creative element to their HackerNoon experience and helps oneās profile stand out.
Tag Pages Update
Digital publishing is evolving, and so are we. With HackerNoonās community driven CMS, AI-assisted editing, multilingual translations, and integrated distribution, weāre creating a higher standard in tech blogging for individuals and companies.
š Editorial Direction, Audience Development, and Internet Mentions
Weāre back on Wikipedia after being deleted a couple times. Donāt know why we were deleted. Wikipedia not only gets 4B+ visitors a month (half the planet lol), but it also populates search, apps, knowledge graphs, AI training, and more.
As mentioned above, weāve achieved healthy growth in all metrics as compared to 2023 YoY:
- 187+ million emails delivered (+30%) to 523k+ email subscribers (+151%). Notably, we reduced the cost of email by 30% with our migration from Sendgrid to Elastic Email!
-
85+ million pageviews (+65%) on
hackernoon.com and 106k+ active users in app (+57.6%): our advantage against the barrage of AI-generated content from the rest of the Google-dependent internet is our human-curated process. Since every single story published on HackerNoon is reviewed, fact-checked, edited and improved by a human editor, weāve largely avoided the AI content apocalypse. -
Ahrefs, the top seo software, ranks us as the 2,747th domain in the world based on backlink strength (while Ahrefs added a login wall to see The Ahrefs Ranking, but itās still free to view
here ). For the past two years, HackerNoon has consistently ranked among the top 3k domains globally. Right now, we sit just above public companies like Rumble, ServiceNow, DocuSign, and CrowdStrike, and just below well-established digital giants like GQ, Esquire, BHG, and Kaggle.
- We are up 709k+ community members across our social media channels (+9.3%): as a publishing company, weāve relied largely on direct traffic to HackerNoon while engaged equally in most major social media platforms, without growing too overly attached to any one of them. For a full list of all our social media presence, visit
this page .
- For a more detailed look at our 2024 recap, check out
HackerNoon Decoded , our version of the āSpotifyā Wrapped! ā
To summarize the year from a technology perspective, weāll conclude this with 85 of our favorite HackerNoon blog posts from 2024!
Starting Simple: The Strategic Advantage of Baseline Models in Machine Learning How I Made $700 a Month With My Open Source Scheduling Tool Outlier Detection: What You Need to Know The Most Expensive Technology on Earth AI is Eating Journalism, Education, and Creatives AI Is Changing How Developers Learn: Hereās What That Means Memes Pose a Threat to the US Financial System: RAND Report Nintendo Breaks Its Silence On Palworld How to Set up a Formatting Standard in Your Code Editor (And Why You Should!) Cursor AI: Your 2024 Installation & Review Guide Memory Safe Strategy: Mastering the Language Architecture Matrix Could a Credit Bubble be About to Burst on Wall Street? The Rise (and Real Value) of #PrisonTok How to Earn $1 Million With AWS in One Year No, You Are Not Afraid of Artificial Intelligence. Youāre Afraid of Other People AI and the Law: Deepfakes, Eroding Trust, and the Legal Tightrope How much was each Bitcoin worth in USD following each halving event since its creation? No One Knows That You're Great At What You Do Financial Nihilism and Bitcoin Explained Finding Hope: The Possibility of Edward Snowden's Return Tech-Gate.org Racks Up Over 1000 DMCA Copyright Infringements Phishing in the Pews: The Hidden Dangers of QR Codes in Church Communities 7 Steps I Kept Repeating Until I Hit $2M ARR How to Build a $300 AI Computer for the GPU-Poor Why Open Source AI is Good For Developers, Meta, and the World Is AGI Getting Closer? Anthropic's Claude 3 Opus Model Shows Glimmers of Metacognitive Reasoning Playing God in the Fucking Metaverse I Tried Perplexity For a Week, And I Don't Think AI Search Engines Can Replace Google.. Yet Reddit Thread Sheds Light on Companies Trying to Replicate MicroStrategyās Appetite for Bitcoin Behavioral Interview: The Guide to Fitting In The Ethics of Automation in Medical Billing Meet the Algorithm That Decides Who Gets a Liver Transplant: 5 Things to Know The Human Roots of Rising Fascism What is MEV? - The Art of On-Chain Extortion NVIDIA Breaks Wall Street Group of Fools Unlocking Microservices Reliability With ACID and the Outbox Pattern The Revolutionary Potential of 1-Bit Language Models (LLMs) Why Open Source AI is Good For Developers, Meta, and the World Metaphysics and Mathematics: The Intricate Web Connecting the Two GameStop Price Surge: Sentiments And The Return Of Roaring Kitty Is Your Fire TV Stick Slowing Down? Hereās How to Fix It How to Unlock All the MC's Theurgy Super Moves in Persona 3 Reload Headset Reality Wars: Meta @ $1B Quarterly VR Revenue & Apple Vision Pro Sells 200k Units in 10 Days Apple Customers Return Vision Pro By The Droves How I Built a Redis-Compatible Pub/Sub System Using Golang Why Salesforce and Microsoft Are Battling for the Future of AI Agents The Strawmen of Agile Why Can't AI Count the Number of "R"s in the Word "Strawberry"? Axion Processors: Google's First Arm-based CPUs Advanced Nonlinear Feedback Control Techniques for Automated Vehicles Deontological Ethics, Utilitarianism and AI How to Choose the Right European Country for Your Digital Product Expansion The Stanford Grad Who Forgot How To Think No Power Grid? This African Village Mines Bitcoin for Electricity When Itās Time to Give REST a Rest Do Not Open This Article I Get 100+ Emails A Day: How I Manage My Inbox To Stay Sane And Productive Stardew Valley 1.6 on Switch: For the Console, The Wait Continues ("As Soon as Possible") Why Is Upwork Suspending Six-Figure Clients? The Snowflake Hack and Its Domino Effect GitHub Copilot and the Endangered Code Monkey Dev Mode in Figma: A Game-Changer in Design-Developer Relations 5 Ways Artificial Intelligence Is (Quietly) Changing Libraries Humanize AI Text Without a Human: Submitting AI Generated Work Without Getting Caught Hacking a Nintendo Switch for 30$ How I Implemented Access Approval in Our Open Source Project Why Open Source Language Models Are True āOpen AIā A Hitchhiker's Guide to Restaking and Its Risks Want to Master Javascript Design Patterns? Here's Everything You Need to Know! How to Create a Server Driven UI Engine for Flutter An Interrupt Driven Floppy Disk Controller for the S-100 Bus Lock Up Your LLMs: Pulling the Plug Non-Material Motivation: Why It Matters and How It Works The One When a Killer's Last Words Became a Cultural Phenomenon Emotion As A Service: AIās Next Market Is Your Heart Google Analytics 4 (GA4) for BeginnersāPart 1: Data Collection, Processing, and Account Structure A Machine Learning Text Classification Case Study with a Product-driven Twist Most Consequential Technology Stories of 2024 Tech and Tradition in Established Universes: Goldie Returns to Riverdale Why Marvel Star Scarlett Johansson Sued Disney for Streaming 'Black Widow' Samsung SSDs Have Become So Fast, They Make Competitors Look Like Floppy Disks The Internet Is Dead. Long Live The Internet. Now We Know: Exit to Community Is Possible Is OpenAIās o3 Finally Thinking Like a Human? - And find
your next top story on HackerNoon .
āA river cuts through rock, not because of its power, but because of its persistence,ā - Author Jim Watkins.
Builders canāt just force the future into existence, they make it through the steady application of innovation, effort, and resilience. Over time, our small, deliberate, and intelligent acts of improvement will lead to transformation.
Kind Regards,
CEO
P.S. Read our previous shareholder letter,
P.P.S. Here are some recent news coverage about HackerNoon around the web:
GritDaily: HackerNoon: Rewriting the Playbook for Tech Publishing LatestScoper: HackerNoonās a Haven for Tech Enthusiasts WeCreateContent: How Communal Culture Influences International Buying Decisions With COO Linh Dao Smooke ROIQuant: Building a High Growth Publishing Startup as a Married Couple BigRank: #20 Site to Publish Your Articles Stackify: #17 Go Tutorials for Programmers CTO Club: #16 Best Developer Community Worktile: #12 Best Developer Community CoinWorld Story: #12 Best Crypto Blog Stackademic: #11 Best Writing Platform for Bloggers in 2024 Geekflare: #11 Best Free Blog Sites to Build Your Brand in 2025 Analytics Insight: #7 Best Community for Python Developers Habr: #5 Social Platform for IT Professionals HackMamba: Top 5 Place to Post Developer Content Freedium: #5 Every Developer Should Follow to Accelerate Learning USAWire: #4 Emerging News Sites Gen Z is Following (That You Should Too) CSDN: Top 3 Tech Blog & Developer Community to Publish Your Articles Clickup: #3 Developer and Coding Communities to Join LinkedIn: Top Programming Blogs to Read in 2024 CoderSpace: The #1 Most Popular Software Blog Cloudflare: Empowering builders - introducing the Dev Alliance Snopes: Top Source to Debunk Myth That CocaCola Sold 25 Bottles in First Year Open Source Initiative: Is that LLM Actually āOpen Sourceā? CryptoSlate Company Profile Dzone: A Deep Dive Into Recommendation Algorithms With Netflix Case Study ProductHunt: Best for Technical Articles on AI MediaBiasFactChecker: Least Bias and High Factual Reporting InformationWeek: The Search for Logic and Profit in Google AI Overviews NamePros: Life In The .INFO Extension? OurCrowd: HackerNoon Unleashes Tech Wisdom One Byte at a Time AI Journey: Explore HackerNoon Startups AI Time Journal: David Smooke Founder & CEO at HackerNoon ā Digital Publishing Evolution, AI Impact, Content Management Innovation, Community Growth, Future Visions Techopedia: What is the Role of AI in the Newsroom? We Ask Hackernoonās CEO Wikipedia: HackerNoon