Why is there a difference between my Substack GARR and Stripe MRR?

Stripe calculates recurring revenue differently from Substack, especially when it comes to subscriptions that have timely coupons (eg "33% off for your first year"). Stripe considers the recurring value of those subscriptions to be their eventual full price rather than their current 33% off price. If the majority of your subscriptions came with discounts, the gap between what Stripe reports and what we report may be particularly large.

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