Press Releases

Recurly recognized as a leader in Snowflake’s Modern Marketing Data Stack Report

SAN FRANCISCO – October 4, 2022 — Recurly today announced that it has been recognized as an Identity & Enrichment leader in the inaugural Modern Marketing Data Stack Report: Your Technology Guide to Unifying, Analyzing, and Activating the Data that Powers Amazing Customer Experiences executed and launched by [Snowflake](https://www.snowflake.com/en/), the Data Cloud company.

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Subscriptions for the Holidays: Nearly 70 percent of consumers want to give and receive gift subscriptions

SAN FRANCISCO, Calif., September 29, 2022 – Subscription gifting is primed to soar for the holidays. According to a new survey conducted by Recurly, a leading subscription management and billing platform, this holiday season will be big for businesses with gift subscriptions, with 63% of consumers reporting they would consider giving subscriptions as a gift and 70% interested in receiving subscriptions as a gift themselves. Gen Z (73%) and Millennials (72%) lead the charge with the majority saying they are interested in receiving subscriptions as gifts.

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Recurly enhances revenue recognition solution, helping subscription businesses automate complex accounting processes

SAN FRANCISCO–Sept. 27, 2022 – Recurly, Inc., a leading subscription management and billing platform for high-growth brands, has announced an agreement to acquire LeapRev, a global revenue recognition and forecasting solution. This acquisition will create a single source for subscription management, recurring billing, and revenue management that empowers Recurly customers to better focus on driving growth among increasingly complex and evolving revenue accounting and reporting standards.

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Over a third of Spaniards say they plan to sign up to more subscription services

MADRID, Spain, June 1st, 2022: According to a new survey conducted in Spain by Recurly, a leading subscription management and billing platform, 38% of Spanish consumers plan to sign up to more subscription services. The report also revealed that consumers feel more loyal (61%) and tend to spend more money (42%) with brands and companies they subscribe to.

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Consumers are More Loyal and Spend More Money with Brands They Subscribe To

SAN FRANCISCO, Calif., April 26, 2022 – According to a new U.S. survey conducted by Recurly, the leading subscription management and billing platform, consumers feel more loyal (51%) and tend to spend more money (42%) with brands and businesses they subscribe to. As pandemic restrictions ease, in-person dining (46%), domestic travel (45%), and in-person entertainment and events (43%) are the top categories where consumers want to spend their time and money.

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Recurly Recovers Nearly $800 Million in Revenue for Customers in 2021

SAN FRANCISCO – March 23, 2022 – Recurly, Inc., a leading subscription management and billing platform for high-growth, digital brands, announced it recovered over $794 million in revenue for its customers in 2021 through industry leading dunning technology. This milestone is a 32% YoY growth from 2020. Each year, businesses lose on average 7.2% of subscribers monthly due to “passive churn,” customers who have lapsed because of changes to their payment methods or expired cards. Recurly utilizes machine learning to identify opportunities to reduce churn and recapture revenue that could disappear due to declined subscription payments, customer behaviors or outdated payment methods.

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