Hell Gate, the worker-owned local news site covering New York, is on track to break even in 2026 with about $1.5 million in revenue, according to Nieman Lab. That projection follows a year the outlet spent heavily on expanding its operation.
Subscriber totals are higher than before, but growth has decelerated. Co-founder Nick Pinto acknowledged the trade-off, telling Nieman Lab that the site spent a lot of money on growth and still ended the year in roughly the same financial position.
The outlet now faces the challenge of turning its larger subscriber base into durable support. Nieman Lab reports that Hell Gate is weighing next steps after a year in which aggressive spending did not produce a corresponding jump in financial stability.