Money
MrBeast’s Conglomerate Play: Products Fund Media
MrBeast has redefined the meaning of content creator turned mogul.
Beast Industries is turning the “creator business” model into something way closer to a conglomerate: big media as the growth engine, consumer products as the profit engine, and new verticals stacked on top once distribution is locked.
The headline: the business is already doing hundreds of millions in annual revenue—but reporting also suggests it’s been unprofitable because the media arm is expensive and aggressively reinvested.
By the numbers (reported)
Because Beast Industries is private, most concrete figures come from investor documents and major reporting:
- Business Insider, citing a February pitch deck, reported Beast Industries generated $473M in revenue in 2024 and forecast $899M in 2025.
- Bloomberg reported Feastables generated about $250M in sales and $20M+ in profit, while the media business lost almost $80M over a similar period.
- Business Insider also reported Beast Industries generated over $400M in revenue in 2024, but wasn’t profitable due to high media costs.
- The Guardian reported MrBeast was exploring raising capital at a valuation around $5B, with the overall empire generating $400M+ in sales the prior year.
Translation: the company is already operating at serious scale, but the core tension is revenue vs. profitability—and the media arm is where the burn happens.
Feastables is the profit engine
If you’re wondering why investors care so much: chocolate is boring in the best way—repeat purchases, retail distribution, predictable margins compared to unpredictable content economics.
Bloomberg’s reporting describes Feastables as the real moneymaker: $250M-ish sales and $20M+ profit (per investor documents).
That’s the blueprint: use internet-scale reach to launch durable products that don’t depend on algorithms for every dollar.
Media is expensive — and it’s being treated like marketing
The other half of the story is that Beast’s media business is famously expensive to produce.
Business Insider reported that in 2024, Beast Industries’ media arm brought in $224M in revenue but incurred $344M in costs—a gap that helps explain why the overall company can be huge and still not profitable.
Bloomberg similarly reported the media side produced comparable sales to Feastables but ran a major loss.
MrBeast has also acknowledged that large-scale media swings like Beast Games were financially painful (even if they were culturally massive).
Key strategic point: this isn’t “media as the business.” It’s increasingly media as the marketing engine—the thing that fuels product launches, retail expansion, and new ventures.
The “creator conglomerate” strategy (what they’re building)
Beast Industries isn’t just stacking random side hustles. The reported strategy looks like this:
1) Keep the attention machine running
YouTube + tentpole entertainment projects create unmatched distribution.
2) Convert attention into product revenue
Feastables is the proof-case that the funnel works at scale.
3) Add “infrastructure” businesses
Business Insider reported the pitch deck includes a creator marketplace concept designed to help other creators replicate the model (connecting creators to marketers, launching products, tools, etc.).
4) Expand into new verticals once distribution is secured
Business Insider also reported Beast Industries is exploring additional expansions (including financial services concepts mentioned publicly by leadership).
This is the play: not “a creator with brands,” but a creator-led holding company where each new line can launch on top of a built-in audience.
Why this matters (bigger than MrBeast)
This is the next evolution of mainstream celebrity business:
- Old model: celebrity endorsement → occasional brand collab
- New model: creator distribution → owned products + owned platforms + owned pipelines
If Beast Industries can consistently make products profitable while dialing back media losses, it becomes a case study that creators can build real companies—not just “influence.”
In November 2024, Twitch streamer Kai Cenat launched one of the most ambitious livestream projects in the platform’s history. “Mafiathon 2” was a subathon that ran continuously for an entire month, the whole of November. With a trailer loosely inspired by the Sopranos and featuring Kim Kardashian, the month of streaming was quite the spectacle. Cenat streamed around the clock, encouraging users to subscribe to his channel, promising that twenty percent of revenues would go towards a pledge to build a school in Lagos, Nigeria. The results shattered previous benchmarks on Twitch for subscriptions, viewership, and engagement, giving the livestreaming industry a rare and measurable case study in audience intensity.
Cenat’s total subscriber count at the end of the stream was over 725,000, according to the BBC. This more than doubled the previous record of roughly 326,252 subscribers set by VTuber Ironmouse during her own marathon event earlier in 2024. To sustain a subathon, each new subscription typically adds more time to a countdown clock that would otherwise run down and end the broadcast, creating an incentive to subscribe. Cenat kept the broadcast going for the full 30 days of November, and the subathon format was at the heart of that extended schedule.
A closer look at the numbers reveals the scale of the event. According to data mentioned by Time Magazine in their profile of Cenat for their 2025 Top 100 Creators list, the stream accumulated tens of millions of unique viewers over its run, with estimates as high as 50 million. According to Time, revenue from the subscriptions alone was calculated at “more than $3.6 million” for Cenat after accounting for typical platform fees and regional pricing. Concurrent viewership numbers were equally staggering, with peaks consistently in the hundreds of thousands. On one notable day in the marathon, peak viewership approached 643,000 concurrent viewers, placing the broadcast among the most watched on Twitch in 2024.
Audience engagement was not limited to subscriptions and raw viewership numbers. Mafiathon 2 also generated a massive amount of total watch time on Twitch. According to analytics from tracking platform Dexerto, Cenat’s marathon accounted for a large share of total hours watched on Twitch for November 2024. One report indicated that the stream alone was responsible for over 80 million hours watched, more than five percent of all hours streamed on Twitch that month.
Twitch typically takes a revenue share of around 30 percent for subscriptions. With an estimated 728,000 subscribers paying at least the base subscription rate, and after Twitch’s cut, Cenat had estimated earnings of around $3.6 million from sub revenue alone. This excludes additional income from donations, ad revenue, and higher tier subscriptions, all of which would add to the total earnings.
The involvement of celebrities also amplified viewership. During the marathon Cenat hosted guests such as Snoop Dogg, Lil Uzi Vert, and Serena Williams, among others. These appearances created breakpoints in the schedule that attracted even more attention from both his existing community and outside viewers. In addition to raw metrics, the impact of Mafiathon 2 on Twitch’s narrative for 2024 was significant. The streamer was highlighted in Twitch’s own year end reviews, and Cenat’s channel was named among top performers on the platform. These mentions reflect the numerical dominance of the broadcast in a year that saw many other high profile events and livestreams across gaming and entertainment categories.
Overall, the numbers behind Mafiathon 2 make it one of the most noteworthy experiments in livestreaming history. It set new subscription standards, pushed viewership into previously unseen territory, and provided a measurable example of what sustained viewer engagement can look like in live broadcast environments. The scale of the marathon, the retention of audience attention, and the monetary results together illustrate a new benchmark for content creators on Twitch and similar platforms.
Addison Rae’s career now draws revenue from beauty, fragrance, fashion collaborations and a growing music business, beyond her TikTok origins. She has turned early online momentum into owned assets and co-created products, positioning herself as an entertainment and consumer goods powerhouse. Here’s how she turned her social media presence into a fully-fledged entertainment career, a makeup company, and multiple partnerships.
Beauty and Fragrance Foundations
Starting off on TikTok in 2019, Rae rocketed to fame and briefly joined the Hype House TikTok collective. Her first major step outside social content arrived in 2020 with Item Beauty, a clean makeup and skincare line she co-founded with Madeby Collective, a beauty brand incubator. The vegan, cruelty-free brand launched at Sephora stores in 2021, proving that Rae’s audience would buy into categories where she held credibility. Though Item Beauty ended in 2023 amid shifting Gen Z beauty trends, the move highlighted the value of brand ownership over sponsorships alone. Rae applied the same approach to fragrance in 2021 through a partnership with Hampton Beauty, releasing Addison Rae Fragrance, a line of alcohol-free, mood-based scents built on green chemistry and upcycled materials.
Music as Core Business
Music now ranks as one of Rae’s steadiest growth areas, shifting her image from TikTok personality to artist with a real catalog. Early efforts like the 2021 single “Obsessed” missed the mark, but leaked tracks and the 2023 EP AR refined her sound for pop and club trends. By 2024 and 2025, releases such as “Aquamarine,” “High Fashion” and “Headphones On” came with professional videos and teams, building to a full album framed as a pop milestone rather than a side project. This setup supports touring, merchandise and licensing, creating lasting commercial value from a once-viral platform.
A Podcast, Hollywood Roles and Brand Partnerships
Rae and her mother, Sheri Nicole partnered with Spotify in 2020 for Mama Knows Best, a mother-daughter podcast that touched on Rae’s upbringing. Although the show didn’t last, it helped further her entertainment career. Rae’s acting credits and partnerships form a parallel portfolio, delivering fees and mainstream credibility. She led Netflix’s He’s All That in 2021, followed by roles in Thanksgiving and its sequel, plus upcoming projects like Animal Friends. These build her presence in entertainment pipelines. Brand work has evolved from TikTok sponsorships to campaigns with Adidas, Fashion Nova and Pandora, plus appearances for Saint Laurent and Ssense labels. Such deals keep her in fashion and lifestyle circles, fueling tie-ins with music tours or product launches.
Fashion Moves and the Future
Rae’s fashion efforts now look like an ongoing pipeline, not one-offs. In August 2025, she teamed with Lucky Brand on a collection of low-rise jeans tied to Y2K aesthetics that match her style. These test her influence in apparel and prepare for repeats, such as tour merchandise or a beauty relaunch shaped by past lessons. Social content still drives reach, but owned IP, products and entertainment assets ensure earnings hold up against platform shifts. Her path shows creators how to funnel attention into diversified businesses, operating as a founder who starts with fame but builds beyond it.
Chris “Lethal Shooter” Matthews over the past several years has solidified himself as one of the most notable sports figures online. He’s branded himself through his attention grabbing 3 point shooting scenarios and his signature “I get it now” catch phrase. Though his skills maybe be shocking, they are legit. His shocking precision turned him into one of the most valuable trainers in the world of basketball.
A few weeks ago, Matthews appeared in a new MrBeast video centered around shooting challenges and elite performance. On the surface, it looks like another viral sports crossover. Underneath, it’s a case study in how one of basketball’s most respected coaches built a premium business by monetizing trust, scarcity, and social media credibility.
What Happened
MrBeast, the most powerful creator on YouTube, invited Lethal Shooter to train him and team him the art of precision shooting . The video immediately exposed Matthews to millions of new viewers and added to his already established credibility. His brand was built through results: training Steph Curry, Kevin Durant, Klay Thompson, Giannis Antetokounmpo, and dozens of other elite players.
Why It Matters
What makes Lethal Shooter’s business model different is what he refuses to monetize.
In past interviews, Matthews has explained that he intentionally limits how many NBA players he trains, often working with only one or two per day. He avoids large group sessions, refuses “two-for-one” workouts, and even turns away players if he feels the relationship could damage his brand.
That scarcity is the foundation of his pricing power.
Instead of scaling through volume, Matthews scales through prestige. Each successful client becomes marketing. Each shooting record, like his viral 23-for-25 three-point streak becomes proof of concept. Each social clip functions as both content and credential.
From there, he built multiple revenue streams:
- Premium private training with NBA and pro-level athletes
- Selective youth camps with small group sizes and high ticket prices
- Brand partnerships with Nike, Jordan Brand, NBA 2K, and Red Bull
- Media projects, including his documentary and now high-profile creator collaborations
The MrBeast video amplifies all of it. It places Matthews in front of a mainstream audience that doesn’t just follow basketball.
Lethal Shooter recently collaborated with viral fitness influencer, Ashton Hall, for similarly the same reason. These crossovers expands his funnel far beyond gyms and leagues. Ashton’s audience especially is global. One of the things that stands out about Ashton’s content is that there are very few words which allows it be globally consumable. You don’t need to understand english to completely relate to the video which gives it global appeal.
You don’t have to be the star athlete to build a massive business in sports media. You can be a coach. You can be a trainer like Chris Brickley or a technician. If your expertise is rare and your results are visible, social media becomes your growth engine.
This collaboration also reflects a bigger creator-economy trend: top YouTubers are increasingly partnering with domain experts to add credibility and depth to their content. For MrBeast, featuring the world’s most famous shooting coach raises the stakes. For Matthews, it opens the door to more brand deals, speaking opportunities, digital products, and future media formats.
What’s Next
Matthews has already teased upcoming projects with new influencers. With the MrBeast appearance now part of his portfolio, his positioning shifts from “elite trainer” to “sports creator entrepreneur.”
For trainers, coaches, and niche experts watching from the sidelines, the lesson is clear: in today’s economy, mastery plus media beats scale alone.
Lethal Shooter built his empire through picking his spots right.
He built it by training the right people, and letting the internet do the rest.
