[Ahwleung]

SocialBlade is a decent place to start for engagement numbers, and yes it absolutely is a very tiny percentage of YouTubers/steamers. But the business model is there - upload your videos, maybe do some "extra content" a la patreon, and get a diversified revenue stream as well as a platform to post your non-advertiser friendly content. They also aren't running through any cloud providers (although they are using a few CDNs), competition in the video space is always good.

One thing not being mentioned much in the comments are the nuances of a subscription-only model. People who don't like the content will simply never see it, they've stated themselves that as long as it's not explicitly illegal (child pornography, weapons manufacturing, etc) they'll allow any creator onto the platform. Although we have yet to see it tested, what happens when a publicly loathed far-right community sets up shop there...