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User growth and ARPU gains accelerate, Jonah Lupton points out

User growth and ARPU gains accelerate, Jonah Lupton points out
U.S. ARPU up 54 percent YoY

Jonah Lupton, investor and market commentator at Social Media / FinTwit, highlights strong user and revenue growth trends.

According to Lupton, daily active users have grown 17 percent year over year, with average revenue per user (ARPU) accelerating across both U.S. and non-U.S. regions. U.S. ARPU jumped 53 percent in Q4 2025 and 54 percent in Q1 2026, while non-U.S. ARPU rose 38 percent and 51 percent in those same periods, respectively.

Lupton has commented previously on shifting market valuations. He noted that just 20 years ago, only six companies had market caps above $200 billion. He has also highlighted the potential value of early FTX investments in firms like Anthropic and Cursor, which could now be worth $50 billion.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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