Jimmy "MrBeast" has had a controversial 2024 so far. As of this writing, the YouTuber has multiple allegations piled up against him, from his former employees accusing him of mistreatment to current team members having histories of sexual misconduct. Dawson "DogPack404," a former MrBeast associate, has investigated allegations against Jimmy and released a series of YouTube videos on the topic.
Looking at a performance perspective, MrBeast's channel has dropped 20% in viewership over August 2024. Regarding monthly subscribers, the YouTuber has seen a dip, from about 28 million in June, to 6 million in August. These changes coincidentally happened around the time the allegations against Jimmy came to light.
Now, fans are looking at performance changes from a revenue stance, and in a recent post on Reddit discussing the MrBeast statistics dashboard on viewstats.com, users pointed out a $2.6 million drop in cash flow for August 2024.
User u/YeahIDid questioned if the YouTuber would be impacted by this change at all:
"But is he being affected by it? I'm not sure why he would affected by it".
Regarding whether the change in revenue is negative, u/Quivex went in-depth and analyzed Jimmy's performance retrospectively, pointing out that the performance dip is not unusual for the MrBeast channel:
"Honestly, the channel numbers are so massive it's actually hard to tell if it is hurting him, or if this is just a normal dip in views/subs. In the last year, he had multiple 28-day periods with about the same sub-numbers, same with views".
Others, like u/ChocolateRough5103 pointed out that since the MrBeast company has expanded, the YouTuber is sourcing revenue from different streams:
"I don't think his main income even comes from YouTube anymore, between the Amazon deal, sponsors, Feastables, and probably other sources I don't know about".
Shifting from a revenue stance, some like u/1sketchball mentioned that the change in subscribers is noteworthy:
"The drop in subs is way more interesting here".
A brief look into MrBeast's various revenue streams
Like u/ChocolateRough5103 mentioned above, MrBeast has diversified his income through multiple revenue streams.
His YouTube channels generate significant ad revenue, contributing millions annually. Beast Games in collaboration with Amazon Prime Video is another project expected to boost his income. Merchandise, which includes clothing and accessories, also adds a steady stream of revenue.
In addition to this, the YouTuber has released a toy line, MrBeast Labs: Swarms, which is currently available in retail stores like Walmart and Target.
MrBeast Burger, his virtual restaurant chain, has been a massive success, with over 1,000 locations generating an estimated $100 million since its 2020 launch. Additionally, Feastables, his chocolate brand, has become a substantial part of his financial portfolio.
These ventures, combined with his strategic partnerships and innovative content, have made him one of the wealthiest and most influential figures in digital media, with a net worth estimated between $500 million and $1 billion.