SaaS Trends during the Crisis
Last week at the SaaStr conference, ProfitWell shared data on how 10K+ SaaS companies are being impacted by COVID-19. Some of the takeaways:
- B2C subscriptions dropped significantly in Feb/Mar but are starting to trend back up now (those MasterClass ads must be working)
- B2B subscription revenue has not declined, but it is no longer growing
- From Jan through today, new MRR for B2B has been relatively stable, but lost MRR (churn and contraction) has increased each month
- Last year, buyers wanted software that helped them grow revenue. Now, they want software that helps them manage costs