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Will Canva lose more than 20% of its Canva Teams subscribers due to the price hike by Mar 31, 2025?
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Canva's official user statistics or financial reports
Story
Canva Announces 300% Price Hike for Canva Teams AI Features Ahead of U.S. IPO
Sep 3, 2024, 03:20 PM
Canva, the Australian design software company, has announced a significant price increase of up to 300% for some of its subscriptions, particularly affecting Canva Teams users. Existing subscribers are being moved to a new, more expensive pricing model, with some subscriptions increasing from $120 to $500 annually. The company attributes the price hikes to the costs associated with developing new generative AI features. This move comes as Canva prepares for a potential public listing in the U.S. in 2026. The price increase has sparked mixed reactions and user backlash, with some questioning the value of the new AI features.
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