![]() They currently have 1,504 employees located in 81 different countries around the world and worth $3 billion. That means they’re obviously making a lot of money. There are 34% of the world’s top 10 million websites are running on WordPress. As of 2021, there are more than 455 million sites use WordPress in total 1.3 billion websites on the web. This freemium business model with an open-source philosophy at its core has been working well for the company. It is estimated to be profitable and to have annual revenue of $120 million. It also makes money by selling advertising against some of the free blogs that users create on. They makes most of its money by selling subscriptions to software services that are related to the WordPress platform, like WooCommerce, Jetpack, VaultPress and enterprise WordPress for businesses. While the WordPress platform itself is completely free, Automattic offers a wide range of premium add-on products and services that enhance and protect WordPress blogs in various ways. It offers long-form content platform Longreads, a popular journaling app called Day One, note-taking app called Simplenote, an open-source e-commerce plugin called WooCommerce, a customization and security plugin call Jetpack, a drag-and-drop file-sharing platform called CloudUp and more. Over the course of nearly 20 years, Automattic has acquired 25 companies and built a strong portfolio for its platform. Consider opening a brokerage account today so you’re ready as soon as the stock hits the market. To buy Automattic stock in future, you’ll need a brokerage account to invest. So, Automattic stock is not yet available to purchase on any exchange. How do you buy Automattic stock?Īutomattic has not yet filed a viewable Form S-1 with the US Securities and Exchange Commission. According to W3Techs, WordPress is used by 39.5% of all websites and it dominates the content management system market with a market share of 62.3%. Automattic didn't disclose how much it will pay for Pocket Casts. Automattic also supports VIP, a premium service designed for large-scale enterprises. Automattic, which runs Tumblr and WordPress, is buying a popular podcast app - Pocket Casts - from a collective of public radio groups, including NPR and BBC Studios. Automattic hosts and supports all sites ensuring that there is continuous and strategic development of the software available to its users. Automattic, the company behind, is an open-source software and tech company with popular brands like, WooCommerce, Tumblr, Jetpack, Longreads, Simplenote, Day One, Pocket Casts and more.
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