The second half of 2023 and the beginning of 2024 have been a tale of two businesses.

With more than 300% growth in the past year, FMG has landed on the prestigious Inc 5000, which lists the most rapidly expanding companies in the country.

On the whole, performance last year was very strong – with the caveat that growth through much of the year was driven largely by traffic and programmatic ads and membership only got back on the growth path in late summer.

According to a report from PressGazette, the Daily Dot was the fastest-growing news site in July of 2022.

As the far-right Twitter account Libs of TikTok grew in popularity, the Daily Dot was among the first outlets to report on the full extent of the account’s influence on anti-LGBT policy, with consistent breaking news about the woman behind the account and the movement she inspired.

The award-winning literary science magazine Nautilus has successfully increased its membership numbers seven-fold since coming under the Fragment Media Group umbrella in 2019, and investing in our reader-first model. 

This year, the Daily Dot’s newsroom made an active push to increase our production of original reporting found online, specifically in places like TikTok. Our efforts are paying off, and we recently reached a major milestone: our highest traffic ever. 

For transparency, we’ve posted here (with minimal editing) our end of the year updates, sent to the shareholders of each publication. Overall, the group had a very strong year, doubling revenues over 2020 and passing $10 million in run rate. Not only that, but we turned a small, but nice profit. After the last damn…

Fragment was formed at the beginning of 2020 from the combination of Daily Dot and Nautilus magazine, with the express business purpose of pursuing the member media model by combining the strengths of each property. For transparency, we’ve posted here (with minimal editing) our end of the year updates sent to the shareholders of each…