Envato closes in on $1 billion USD in community earnings

Envato’s global community of digital creatives have now earned more than $750m USD, the company has announced this week.

The milestone puts Envato on track to hit its goal of $1 billion USD in author payouts by 2021, and comes just a year after it reached the $600m milestone in March 2018.

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Making up the milestone figure is at least 140 authors have made at least $1m USD in gross sales across Envato, and a further 2200 authors who have made more than $75,000 USD in gross sales.

“We knew when we originally set the $1 billion dollar goal it was quite ambitious “ said Chief Operating Officer Ben Chan, “but the spirit behind that decision still remains one of our core guiding principles across the business, and that is: we want to help our community succeed doing what they love with their creative endeavours.”

“As we highlighted in our first public impact report, we’re pleased to be known as a company that shares with our community a higher proportion of all revenue, especially when compared against some of our biggest competitors.”

It has been a big month for one of the world’s largest creative ecosystems, with subscription service Envato Elements now boasting a library of more than one million digital assets available for unlimited download to nearly 150,000 subscribers around the world.

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The growth in subscribers has played a key role in delivering greater results for the Envato community, with a renewed focus on helping customers ‘make’ instead of simply ‘shop’ driving a 50% increase on average earnings from Envato Elements subscriptions.

“We had a record year in 2018 when it came to delivering on our promise of increased author earnings, with more than $134m USD paid out to our contributors. That we have now hit the $750m milestone reaffirms the positive impact we have made in helping our global creative community.”

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About Envato

Location: Headquarters in Melbourne, Australia. Team located around the world.

What Is Envato?

Founded in 2006, Envato is the world’s leading community for creative assets and creative people.

The network includes Envato Market, Envato Studio, Envato Tuts+ and Envato Elements.

A community of more than eight million people worldwide buy and sell creative assets on Envato Market with total community earnings exceeding $500 million. Millions of students have taken video courses and free tutorials on the Envato Tuts+ education network and Envato Studio connects people with hand picked freelancers to complete their creative projects. Envato Elements is a subscription service with thousands of ready-to-use graphic templates, fonts and assets available for unlimited download.