Großwald | European Defence Intelligence

Investor Due Diligence Report

ghostPolitics

Independent defence intelligence on European procurement, NATO posture, and rearmament.

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Key Metrics

Subscribers

Low confidence

Weekly Growth

~0%

Subscriber count is a platform estimate

Revenue Analysis

Pricing

$15/mo

$170/yr annual option

Est. Monthly Revenue

$4K

~288 est. paid subs

$2K/mo – $6K/mo(±50%)

Quality & Publishing

Audience Quality Score

55Fair

0100

Publishing Pace

~3x per week

3.4 posts/week

Publishing Consistency

38/100

Variable (~3.2d avg)

Competitive Landscape (Politics)

Newsletter	Subscribers	Weekly Growth	Price	Platform
Endless Urgency with Mike Nellis	2M	N/A	$8/mo	substack
Robert Reich	1.1M	N/A	$6.5/mo	substack
The Bulwark	1M	+0.1%	$12/mo	substack
Meidas+	938K	+1.0%	$10/mo	substack

Revenue Trajectory

Estimated monthly revenue over time

Month	Subscribers	Est. Revenue	Change
Feb 2026	7K	$5,795.5	—
Mar 2026	7K	$5,795.5	~0%
Apr 2026	5.5K	$4,555.67	-21.4%
May 2026	5K	$4,152	-8.9%
Jun 2026	5K	$4,152	~0%

Risk Assessment

Key risk factors for due diligence

Medium

Platform Dependency

Uses ghost platform

High

Publishing Consistency

Irregular publishing pattern

Medium

Key Person

Single-author publication — key-person dependency

Low

Revenue Model

Active paid subscription tier

Monetization Readiness

Monetization status

Subscriber threshold

5K subscribers — below the 6K category median (based on 756 newsletters)

Has paid tier

Active paid subscription offering

Peer monetization

100% of 297 similar-size peers in Politics have paid tiers

Pricing position

$15/mo vs $6/mo category median (1260 newsletters)

Pricing History

Date	Monthly	Annual
Feb 2026	$15	$170

Data Quality

Report Data QualityPartial - Some metrics estimated or missing

Subscriber Confidencelow

Disclaimer: This report is generated automatically based on publicly available data and proprietary estimation models. Estimated subscriber counts are derived from engagement patterns and should be verified through direct disclosure. Revenue estimates are based on known pricing and estimated paid subscriber counts. This report is for informational purposes only and should not be the sole basis for investment decisions.