Substack vs Medium: Detailed Comparison for 2026

Last updated: January 2026 • 8 min read

Trying to decide between Substack and Medium? Both are popular tools in the newsletter space, but they serve different needs. This comparison breaks down features, pricing, and use cases to help you make the right choice.

Quick Comparison

Feature Substack Medium
Category Newsletter Publishing
Starting Price 10% of revenue Free
Best For Writers starting newsletters Reaching new readers
Video Automation ❌ Manual ❌ Manual

Substack Overview

Substack

10% of revenue

Writers starting newsletters.

✓ Pros

  • Free to start
  • Built-in audience
  • Simple

✗ Cons

  • Revenue share
  • Limited customization
  • No video

Medium Overview

Medium

Free

Reaching new readers.

✓ Pros

  • Built-in audience
  • Clean writing
  • No setup

✗ Cons

  • Don't own platform
  • No video
  • Algorithm dependent

Pricing Comparison

Substack starts at 10% of revenue, while Medium starts at Free. Consider not just the sticker price but the total cost of ownership — including the time you'll spend using each tool.

If you value your time at $50/hour and spend 5 hours/week on content creation, that's $1,000/month in time cost alone — regardless of which tool you choose.

Which Should You Choose?

Our Verdict

Choose Substack if: You need writers starting newsletters and prefer free to start.

Choose Medium if: You need reaching new readers and value built-in audience.

Consider neither if: You want automated video content without ongoing manual effort. Both tools require continuous time investment.

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Related Comparisons

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