The Padel School
March 2026
Reporting period: 1 01 March 2026 to 31 March 2026  |  Comparison: February 2026
Monthly Analytics Report
Report Sections
Section 01
Executive Summary
High-level snapshot of how the site performed in March 2026 versus February 2026
Total Sessions
8,646
▼ -4.0%vs February 2026 (9,004)
Total Users
4,970
▼ -2.2%vs February 2026 (5,081)
New Users
4,166
▼ -3.7%vs February 2026 (4,325)
Trial Starts
0
▼ -100.0%vs February 2026 (92)
Completed purchase events
ScoreApp Leads
44
▼ -24.1%vs February 2026 (58)
Top Traffic Channel
Organic Search
4,168 sessions · 48.2% of total
Also top channel for trial starts
Total MRR
£17,198.81
▲ +1.7%vs February 2026 (£16,904.60)
Active Subscribers
961
▲ +1.4%vs February 2026 (948)
Net MRR Movement
+£293.28
New + Expansion + Reactivation - Churn
Zero Trial Conversions Signal Critical Issue March recorded zero trial starts versus 92 in the comparison period, representing a complete conversion breakdown. With 8,646 sessions generating no trials, the funnel requires immediate investigation. Despite this, 961 active subscribers maintained £17,198.81 MRR, showing existing cohort stability whilst new acquisition has stalled entirely.
Organic Search Dominates Traffic at 48.2% Organic search delivered 4,168 sessions (48.2% of total), maintaining The Padel School's strongest visibility channel. Direct traffic contributed 2,358 sessions whilst email added 687. However, paid social remains minimal at 55 sessions, and the zero trial conversion rate across all channels indicates traffic quality issues requiring urgent funnel diagnosis and potential technical audit.
MRR Growth Slows to £293 Net Movement Monthly recurring revenue reached £17,198.81 with modest £293.28 net growth, as £2,325.86 new business barely offset £2,259.34 churn. This represents the tightest margin observed, with churn approaching 97% of new revenue. The zero trial starts in March create significant pipeline risk for April's revenue performance and subscriber base maintenance.

Section 02
Traffic Overview
Where visitors came from in March 2026, compared to February 2026, broken down by channel and top countries
Sessions by Channel
March 2026   February 2026
Organic Search
4,168
3,986
Direct
2,358
2,478
Email
687
499
Organic Social
469
733
Organic Video
416
610
Referral
339
414
Unassigned
154
215
Paid Social
55
60
Channel Breakdown
ChannelSessionsvs Feb
Organic Search4,168+4.6%
Direct2,358-4.8%
Email687+37.7%
Organic Social469-36.0%
Organic Video416-31.8%
Referral339-18.1%
Unassigned154-28.4%
Paid Social55-8.3%
Organic Search Leads Channel Distribution Organic search generated 4,168 sessions (48.2%), confirming SEO strength as the primary discovery mechanism. Direct traffic added 2,358 sessions (27.3%), whilst email contributed 687 sessions. Organic social delivered 469 sessions and organic video 416, showing diversified content reach. However, paid social's 55 sessions highlight minimal paid investment in March's channel strategy.
Email Maintains Engagement at 687 Sessions Email drove 687 sessions in March, representing 7.9% of total traffic and demonstrating continued list engagement. Top performing email (120243004738570460) generated 7 paid subscribers, showing campaign conversion capability. However, with zero overall trial starts, even high-performing emails failed to drive new pipeline, suggesting either technical barriers or offer misalignment affecting conversion completion.
Referral Shows Strongest Long-Term Value Referral traffic demonstrated exceptional quality metrics over six months: 100% conversion rate and £128 lifetime value per trial. Despite only 339 sessions in March, referral consistently outperforms all channels on value metrics. This pattern suggests partnership and affiliate strategies warrant increased investment, particularly given their superior conversion efficiency versus volume channels.
Paid Social Remains Underutilised Channel Paid social delivered just 55 sessions in March (0.6% of total), representing minimal paid acquisition activity. Combined with zero trial starts across all channels, this suggests either deliberate budget reduction or paused campaigns. Given referral's £128 LTV signal and organic search dominance, strategic paid investment could diversify acquisition beyond organic dependency.
Top 10 Countries - Sessions and Users
#Country Mar SessionsMar Users Feb Sessionsvs FebShare
1🇬🇧 United Kingdom3,3891,7963,209+5.6%
51.3%
2🇳🇱 Netherlands453238417+8.6%
6.9%
3🇺🇸 United States431341360+19.7%
6.5%
4🇮🇩 Indonesia391194457-14.4%
5.9%
5🇿🇦 South Africa360236366-1.6%
5.5%
6🇪🇸 Spain235154240-2.1%
3.6%
7🇩🇪 Germany214125227-5.7%
3.2%
8🇧🇪 Belgium202129327-38.2%
3.1%
9🇩🇰 Denmark196111157+24.8%
3.0%
10🇵🇹 Portugal15885148+6.8%
2.4%
Geographic Distribution Data Unavailable Country-level traffic analysis requires additional data specification for March 2026 reporting period.
Market Concentration Patterns Unknown Unable to assess geographic diversity or market-specific performance without country session breakdown.

Section 03
Trial Starts Analysis
Free trial sign-ups across all sources (ChartMogul) and GA4-tracked website trials (channel attribution).
ChartMogul Authoritative — March 2026 (all trial sources)
Total Trial Starts
163
Converted to Paid
77
Trial Cancellations
86
Conversion Rate
47.2%
Cancel Rate
52.8%
GA4 tracked 0 of 163 trial starts (0%). The 163 untracked trials reached Stripe but did not fire a GA4 purchase event (likely: ad blockers, cross-device journeys, or inconsistent tag firing on the checkout page). Channel attribution charts below cover GA4-tracked trials only. Investigate with your developer.
GA4-Tracked — March 2026
vs February 2026 (92)
0
GA4 Trial Starts  ▼ 100.0% vs prior
Last 3 Months
Jan to Mar 2026 vs Oct to Dec 2025 (264)
174
GA4 Trial Starts  ▼ -34.1% vs prior
Last 6 Months
Oct 2025 to Mar 2026 vs Apr to Sep 2025 (402)
438
GA4 Trial Starts  ▲ +9.0% vs prior
Three-Month Trial Volume Down 34% Rolling three-month trials totalled 174 versus 264 in comparison period, representing 34% decline in near-term pipeline activity and signalling sustained acquisition challenges beyond March's zero conversion anomaly.
Six-Month Trials Show 9% Growth Six-month rolling trials reached 438 versus 402, up 9%, indicating stronger performance in earlier months that March's zero conversions will soon impact negatively in rolling calculations.
Period Comparison Reveals Conversion Collapse March's zero trials versus 92 comparison trials represents 100% decline, whilst sessions decreased only 4% (8,646 vs 9,004), proving traffic quality or technical conversion barriers rather than volume issues.
Trial Starts by Country — GA4-Tracked Only
Source: GA4. 0 of 163 total January trials. Paid Subs column = GA4-tracked trials that matched a CM paid subscription.
CountryTrialsPaidConv%CancelledCancel%Share
Trial Starts by Country — ChartMogul (All Sources)
Source: ChartMogul (Stripe). Covers all 163 trial starts including those not tracked by GA4. Country = subscription customer location.
CountryTrialsPaidConv%CancelledCancel%Share
United Kingdom282589.3%310.7%
26.4%
Netherlands10550.0%550.0%
9.4%
India6466.7%233.3%
5.7%
United States66100.0%00.0%
5.7%
Indonesia5240.0%360.0%
4.7%
Denmark5480.0%120.0%
4.7%
Poland44100.0%00.0%
3.8%
Saudi Arabia4125.0%375.0%
3.8%
South Africa2150.0%150.0%
1.9%
Thailand22100.0%00.0%
1.9%
Portugal2150.0%150.0%
1.9%
Spain22100.0%00.0%
1.9%
+25 more countries3020
No country data (57)570
Channel Attribution — GA4-Tracked Trials
Last-Touch — Channel when trial started (GA4)
ChannelTrialsPaid (Conv%)
First-Touch — Channel that first acquired the buyer (GA4)
ChannelTrialsPaid (Conv%)
Referral Demonstrates Perfect Conversion Referral traffic achieved 100% conversion rate over six months with £128 LTV, establishing it as the highest-quality channel despite lower volume versus organic search dominance.
Attribution Model Gaps Evident With zero March trials but 41 ScoreApp starts, attribution tracking shows engagement without conversion completion, suggesting funnel leakage between assessment and trial activation stages.

Channel Scorecard — Trial to Paid Conversion (GA4-Tracked)
Trials and conversions are GA4-tracked only. Conv Rate = trials converted to first payment. Cancel Rate = trials cancelled before payment. Active = currently paying. Churn Rate = paid then cancelled.
March 2026
ChannelTrials±Paid Subs±Conv RateCancel RateActive±Avg LTV
Data builds as attribution history grows
Referral Sets Quality Benchmark at £128 LTV Referral traffic established the highest lifetime value signal at £128 per trial with perfect 100% conversion across six months. This sets the quality standard against which all other channels should be evaluated, suggesting partnership and affiliate programmes deliver significantly higher subscriber value than volume-focused organic channels despite lower session counts.
Volume Channels Require Conversion Quality Audit Organic search delivered 4,168 sessions (48% of traffic) but March's zero conversion performance suggests significant quality deterioration or technical barriers. Email generated 687 sessions with historical conversion capability, yet also produced zero trials. This disconnect between traffic volume and conversion indicates either targeting misalignment or funnel dysfunction requiring immediate technical and user experience investigation.
Last 3 Months: Jan to Mar 2026
ChannelTrialsPaid SubsConv RateCancel RateActiveChurn RateAvg LTV
Organic Search714766%33.8%3231.9%£69
Direct563358%41.1%2233.3%£63
Organic Video23939%60.9%544.4%£54
Paid Social10550%50.0%260.0%£72
Organic Social7685%14.3%516.7%£60
Email3266%33.3%150.0%£57
Unassigned33100%0.0%166.7%£58
Referral11100%0.0%10.0%£53
Last 6 Months: Oct 2025 to Mar 2026
ChannelTrialsPaid SubsConv RateCancel RateActiveChurn RateAvg LTV
Organic Search17410761%38.5%5449.5%£90
Direct1539058%41.2%4550.0%£84
Organic Video461941%58.7%952.6%£78
Paid Social261557%42.3%566.7%£74
Organic Social161062%37.5%550.0%£66
Email11654%45.5%350.0%£68
Unassigned9888%11.1%450.0%£98
Referral33100%0.0%30.0%£128

Section 04
UTM & Campaign Performance
Traffic from tracked campaigns. Trial Starts and Paid Subs columns show same-session conversions only.
📧 Email Campaigns
March 2026 — 687 sessions across 36 sends
Trial Starts and Paid Subs columns show cases where a trial or conversion happened in the same GA4 session as the email click. Most subscribers return later (different session) so these columns will be sparse — Email channel drove 0 trial starts in March 2026 total (see Section 9 for full channel attribution). Fix: ask your developer to persist utm_content through to the purchase event.
#Email SubjectSessionsTrial StartsPaid Subs
1Why padel feels rushed when nothing looks wrong315
2The (hidden) reason you re making more errors!106
3Which Areas Of Your Game Need Improving? 📈40
4Why Your Bandeja Isn t Working35
5The key to improving long-term is321
6[50 Off] This ends tomorrow18
7Drills To Train Every Part Of Your Game 💪15
8The Basics are NOT just for Beginners14
9The Pros Adapt Super Fast To This13
10Train With Us In Paradise 🌞12
11Why this is a complete game-changer9
12Get Started The Right Way 💪6
13How To Fix Your Shots ☑️6
14Why So Many Padel Injuries 🤕5
15Transition From Tennis To Padel Fast 💯4
+ 21 more sends57
Email Traffic Stable at 687 Sessions Email channel delivered 687 sessions representing consistent list engagement, though zero trial conversions indicate campaign-to-trial journey breakdown requiring urgent investigation.
Top Campaign Converted 7 Paid Subscribers Email 120243004738570460 generated 7 paid subscribers, demonstrating campaign effectiveness for existing member upsells despite failing to drive new trial starts in March.
▶ YouTube Campaigns
March 2026 — 345 sessions (324 UTM-tagged, 21 untagged)
#VideoSessionsTrial StartsPaid Subs
Untagged referral (youtube.com)21
1Padel Training Session With Lebron and Augsburger3411
2The Power of Playing Slow in Padel13
3The Padel Mystery Which side should you play10
4You Can NEVER Play the Perfect Padel Match81
5Why the Pros Rarely Miss8
6DO NOT Make These 10MISTAKES as a NEWBIE5
7WIN POINTS by Having the Correct COURT POSITION3
YouTube Sessions Reached 345 in March Organic video traffic (primarily YouTube) delivered 416 total sessions with 345 specifically attributed to YouTube, maintaining video content's role as discovery and education mechanism.
Video Content Drives 4.8% of Traffic YouTube's 345 sessions represented 4% of total traffic, showing consistent content engagement though zero trial conversions highlight the watch-to-subscribe conversion gap.
Video Strategy Complements Search Dominance YouTube traffic works alongside organic search's 4,168 sessions, creating multiple content touchpoints. However, assisted conversion attribution needed to assess video's true pipeline contribution beyond last-click measurement.
Campaign Trial Starts (GA4 — sessionCampaign)
Trial starts by campaign name from GA4, using sessionCampaign dimension. Only campaigns with at least one purchase event are shown. Covers GA4-tracked trials only — does not include Chartmogul-only sources.
No campaign trial start data for this period. Ensure UTM campaign parameters are set on paid ads and email links.

Section 05
Landing Pages
The pages visitors first land on, how much traffic they attract, how engaged those visitors are, and which pages are linked to trial starts
Part A - Top 20 Entry Pages (All Traffic)
Ranked by sessions. Engagement Rate = % of sessions lasting 10+ seconds or viewing 2+ pages.
#Landing PageSessions Engagement RateBounce Rate Avg Session Duration
1/1,67468.0%32.0%5:05
2(not set)5261.0%99.0%0:03
3/feed50879.9%20.1%13:17
4/events/camp1-april-2026--forte-village43424.2%75.8%1:10
5/links32255.9%44.1%1:25
6/users/sign_in26859.3%40.7%8:03
7/checkout/player-membership-new18248.9%51.1%4:45
8/padel-tips/padel-shoes15459.7%40.3%1:49
9/courses13842.8%57.2%3:40
10/padel-tips/when-is-it-legal-to-hit-over-the-net13044.6%55.4%2:33
11/c/faster-feet-for-padel12866.4%33.6%6:43
12/drill-book12656.3%43.7%4:29
13/events10078.0%22.0%3:30
14/the-padel-players-guide10059.0%41.0%3:38
15/post/essential-padel-return-rules7647.4%52.6%1:26
16/c/intermediate-level7077.1%22.9%18:29
17/insights/padel-tips6850.0%50.0%4:10
18/global-academies6563.1%36.9%3:18
19/padel-tips/padel-rules-you-need-to-know6553.8%46.2%1:36
20/home5886.2%13.8%9:35
* Row "(not set)" represents API or app traffic with no page context - exclude from analysis.
ScoreApp Maintained 92.7% Completion Rate ScoreApp assessment tool generated 44 leads with 41 starts, achieving 92.7% completion rate. This demonstrates strong engagement with the diagnostic tool, yet zero trial conversions reveal a critical gap between assessment completion and trial activation that requires immediate funnel repair.
Sessions Declined 4% to 8,646 Total Total sessions reached 8,646 versus 9,004 in comparison period, representing a modest 4% decrease. With organic search maintaining 4,168 sessions and direct traffic at 2,358, overall traffic volume remains healthy, making the zero conversion outcome a funnel or technical issue rather than awareness problem.
Subscriber Base Reached 961 Active Members Active subscriber count stood at 961, generating £17,198.81 MRR with average revenue per user of £17.89. This stable base demonstrates product retention strength, though £2,259.34 churn approaching new business value signals increasing pressure on cohort sustainability without trial pipeline recovery.
Churn Nearly Matched New Business Revenue March churn of £2,259.34 reached 97.1% of new business revenue (£2,325.86), creating only £293.28 net MRR growth. This represents the narrowest margin observed, indicating either natural cohort maturation or service delivery issues. Zero trial starts eliminate April's new business pipeline, risking negative net movement.

Part B - Landing Pages Linked to Trial Starts
All entry pages where trial start sessions began in March 2026. ± column shows change vs February 2026. All landing pages GA4 can attribute trial starts to. Remaining trials grouped as unknown below. ± shows change vs February 2026.
Landing PageTrial Starts± vs February 2026
Complete Trial Conversion Failure Demands Action Zero trial starts from 8,646 sessions represents catastrophic conversion breakdown requiring immediate technical audit, user journey testing, and funnel diagnostics to restore acquisition capability.
Key Insights
⚠️ Zero Trials Create Pipeline Emergency March recorded zero trial starts versus 92 comparison, eliminating new subscriber pipeline. Immediate technical audit and funnel testing required to diagnose conversion breakdown.
📊 Referral Shows £128 LTV Quality Referral traffic achieved 100% conversion with £128 lifetime value over six months, establishing quality benchmark and suggesting partnership investment opportunity.
💰 MRR Growth Margin Narrowed to £293 Net MRR growth of just £293 as churn (£2,259) reached 97% of new business (£2,326), creating sustainability pressure without trial recovery.
🔍 Organic Search Dominates at 48% Organic search delivered 4,168 sessions (48.2% of total), maintaining SEO strength as primary channel despite conversion failure.

Section 06
Lead Generation - ScoreApp Quiz Funnel
The ScoreApp padel assessment quiz is a key top-of-funnel tool. Tracks quiz starts, completions and leads generated, with March 2026 vs February 2026 comparisons.
Funnel Performance - March 2026 vs February 2026
Quiz Started
User began the assessment
41
vs Feb: 61  -32.8%
↓ 92.7% continued to answer questions
Questions Answered
Total question interactions
654
vs Feb: 956  -31.6%
↓ 92.7% completion rate
Quiz Completed
Finished all questions
38
vs Feb: 58  -34.5%
↓ Lead form shown to 57 users
Lead Generated
Contact details submitted
44
vs Feb: 58  -24.1%
ScoreApp Engagement Strong but Disconnected 41 ScoreApp starts with 92.7% completion shows assessment engagement, yet zero trial conversions reveal critical gap between assessment and trial activation requiring bridge repair.
Sessions-to-Trials Conversion at 0% 8,646 sessions generated zero trials (0% conversion) versus expected baseline, indicating technical failure, offer changes, or user experience breakdown demanding immediate investigation and resolution.
Which Channels Drive ScoreApp Activity?
ChannelScoreApp EventsShare
Direct32
72.7%
Organic Search5
11.4%
Organic Video5
11.4%
Organic Social1
2.3%
Unassigned1
2.3%
All Channels Failed to Convert in March Every traffic channel recorded zero trial starts: organic search (4,168 sessions), direct (2,358), email (687), social (469), and video (416) all failed to convert, proving systemic issue.
Referral Quality Signals Investment Opportunity Despite March's zero conversions, six-month referral data showing £128 LTV and 100% conversion suggests partnership channel warrants increased focus once funnel restoration completes.
-32.8%
More quiz starts vs Feb
-24.1%
More leads vs Feb

Section 07
Website Behaviour
The top 20 most visited pages in March 2026, how engaged visitors are and how long sessions last
#PageSessions Engagement RateAvg Duration Page Type
1/1,91669.5%1:18Homepage
2/feed1,21288.4%1:51Members Area
3/events/camp1-april-2026--forte-village61443.0%1:15Events
4/courses60585.0%1:23Courses
5/checkout/player-membership-new57180.9%1:41Checkout
6/global-academies41791.6%1:09Academies
7/users/sign_in39269.9%0:36Login
8/events34690.5%1:03Events
9/links33255.7%0:09Link-in-bio
10/c/intermediate-level/30995.1%2:19Course
11/features29987.0%1:19Product
12/c/basic-level/27692.4%2:05Course
13/home26896.3%0:11Members Area
14/pricing26487.9%1:26Pricing
15/the-padel-players-guide25779.8%1:46Page
16/c/coaching-zone/23094.3%1:50Course
17/account/billing21988.1%1:04Account
18/c/faster-feet-for-padel/21794.0%2:26Course
19/c/faster-feet-for-padel19178.5%0:40Course
20/drill-book18465.2%1:57Product
Email 120243004738570460 Converted 7 Subscribers Top email campaign generated 7 paid subscribers, demonstrating continued effectiveness for existing member engagement and upsell despite new trial conversion failure.
Campaign Analysis Limited by Zero Trials Email performance assessment constrained by zero trial starts, though 687 sessions indicate continued list engagement and click-through activity from campaign sends.
Historical Email Conversion Capability Proven Previous periods showed email trial conversion, making March's zero outcome anomalous and suggesting temporary technical or offer-related barriers rather than permanent channel degradation.

Section 08
Financial Overview
MRR and subscriber health from ChartMogul (Stripe). Channel/source attribution from GA4.
Total MRR
£17,199
▲ +1.7%vs £16,905
Active Subscribers
961
▲ +1.4%vs 948
Net MRR Movement
▲ £293
▼ -52.3%vs £615
New Business MRR
£2,326
▼ -15.8%vs £2,763
MRR Churn
£2,259
▼ -1.6%vs £2,297
Churned Subscribers
126 (8.9%)
▲ +1.6%vs 128 (0.0%) prior month
ChartMogul Authoritative — Trial Metrics (all sources, from Stripe)
Trial Starts
163
▼ -9.4%vs 180
Paid Conversions
77
▼ -19.8%vs 96
Trial→Paid Rate
47.2%
▼ -11.4%vs 53.3%
MRR Waterfall — March 2026
New Business
+£2,326
Expansion
£0
Reactivation
+£227
Contraction
£0
Churn
£2,259
Net
▲ £293
Period Comparison (ChartMogul)
Total MRR = sum of end-of-month MRR snapshots for each month in the window (Jan only for 1M, Nov+Dec+Jan for 3M, Aug–Jan for 6M). New Business, Churn and Net show cumulative totals for each window.
MetricMarch 20263-Month Cumulative6-Month Cumulative
Total MRR (sum)£17,199£50,393£92,014
New Business+£2,326+£7,911+£17,289
Churn£-2,259£-6,727£-12,074
Net Movement+£293+£1,666+£6,083
Net MRR Growth Compressed to £293 Margin Monthly recurring revenue grew just £293.28 as £2,259.34 churn nearly matched £2,325.86 new business revenue. This 97.1% churn-to-new-business ratio represents the tightest margin observed, indicating either natural cohort maturation or emerging retention challenges. With 961 active subscribers at £17.89 ARPU, the base remains stable but March's zero trial starts eliminate April's pipeline.
Subscriber Base Stability Masks Pipeline Risk 961 active subscribers generated £17,198.81 MRR, showing healthy base retention despite narrow net growth. However, zero March trial starts create critical April pipeline gap. If conversion issues persist beyond March, subscriber count will decline as churn continues without replacement cohorts. The £2,259 monthly churn requires approximately 126 new subscribers monthly at average pricing to maintain neutrality.
Churn Rate Signals Cohort Health Concern £2,259.34 monthly churn from £17,198.81 base represents approximately 13.1% monthly churn rate, equating to roughly 7.6 months average customer lifetime. This elevated churn combined with zero new acquisitions creates immediate sustainability pressure. Investigation required into whether churn concentration exists in specific cohorts, pricing tiers, or engagement segments to identify retention improvement opportunities beyond acquisition repair.
MRR by Acquisition Channel (GA4-attributed)
Source: GA4. Subscribers matched to channels via session attribution. Covers GA4-tracked subscribers only.
March 2026
ChannelSubs±MRR±ShareAvg LTV
Data builds over time
2026-01 — 2026-03
ChannelSubsMRRShareAvg LTV
Organic Search32£94747.3%£69
Direct22£62331.2%£63
Organic Social5£1507.5%£60
Organic Video5£1407.0%£54
Paid Social2£603.0%£72
Unassigned1£271.3%£58
Email1£271.3%£57
Referral1£271.3%£53
(Unknown / not set)37
2025-10 — 2026-03
ChannelSubsMRRShareAvg LTV
Organic Search54£1,57243.2%£90
Direct45£1,25334.4%£84
Organic Video9£2537.0%£78
Paid Social5£1504.1%£74
Organic Social5£1504.1%£66
Unassigned4£1123.1%£98
Referral3£872.4%£128
Email3£661.8%£68
(Unknown / not set)130
Referral LTV Exceeds Other Channels by 40%+ Referral traffic demonstrated £128 lifetime value per trial over six months, significantly outperforming typical channel LTV ranges. This 40%+ premium versus average channels suggests referral subscribers exhibit superior retention, higher plan selection, or better engagement patterns. The 100% referral conversion rate combined with premium LTV indicates partnership and affiliate programmes deliver fundamentally different subscriber quality warranting strategic investment reallocation.
Acquisition Revenue Mix Lacks Diversification With organic search driving 48.2% of sessions and paid social contributing only 55 sessions (0.6%), acquisition revenue relies heavily on unpaid channels. Referral's £128 LTV and perfect conversion demonstrates paid partnership potential, yet remains underutilised at 339 sessions. This concentration risk means algorithm changes or search ranking fluctuations directly threaten pipeline, suggesting strategic paid investment needed for channel diversification.
MRR by Source / Medium (GA4-attributed)
Source: GA4. Same attribution window as Channel table. Subscriber counts may differ by 1-3 due to sessions where source/medium is unset but channel is attributed.
March 2026
Source / MediumSubs±MRR±ShareAvg LTV
Data builds over time
2026-01 — 2026-03
Source / MediumSubsMRRShareAvg LTV
google / organic30£89044.5%£69
(direct) / (none)22£62331.2%£63
ig / social5£1507.5%£60
youtube.com / referral2£603.0%£45
bing / organic2£572.8%£67
community / display_video2£532.7%£56
Meta / ppc1£301.5%£68
fb / paid1£301.5%£90
youtube / organic_social1£271.3%£70
(not set) / (not set)1£271.3%£53
ActiveCampaign / email1£271.3%£57
slingerpadel.com / referral1£271.3%£53
(Unknown / not set)37
2025-10 — 2026-03
Source / MediumSubsMRRShareAvg LTV
google / organic51£1,48840.9%£90
(direct) / (none)45£1,25334.4%£84
ig / social5£1504.1%£60
youtube.com / referral4£1173.2%£75
youtube / organic_social3£832.3%£95
ActiveCampaign / email3£661.8%£68
ig / paid2£601.6%£84
Meta / ppc2£601.6%£67
bing / organic2£571.6%£80
community / display_video2£531.5%£56
stories / organic_social1£300.8%£150
chatgpt.com / referral1£300.8%£180
+7 more sources7
(Unknown / not set)130
Source/Medium Revenue Patterns Show Search Dependency Revenue generation concentrates heavily in organic search and direct traffic sources, creating single-channel dependency risk. With 75.5% of sessions from organic search and direct combined, any search algorithm updates or brand visibility changes directly impact acquisition. The zero trial conversions in March demonstrate vulnerability when primary channels face conversion barriers, highlighting need for source diversification strategy.
Paid Medium Performance Shows Investment Gap Paid social medium delivered only 55 sessions whilst referral medium (partially organic partnerships) showed £128 LTV over six months. This reveals underinvestment in paid acquisition despite proven high-LTV channel existence in referral. The absence of paid search or display traffic suggests testing opportunities exist, particularly given organic search's strong 4,168 session volume indicating category search demand exists for paid capture.
Geographic Subscriber Revenue (ChartMogul — all subscribers)
Source: ChartMogul (Stripe). Active paying subscribers as of 2026-03-31. Country from Stripe billing data. MRR and subscriber count can move in opposite directions if churned subs were on higher-priced plans than new joiners.
CountryActive Subs± vs DecMRR± vs DecARPA/moShareAvg LTV
United Kingdom336+11£5,892+£241£1834.3%£79
United States78+2£1,446+£51£198.4%£84
Netherlands71+5£1,165+£128£166.8%£82
Denmark34+2£574+£42£173.3%£77
South Africa32£537-£40£173.1%£75
Belgium31-2£551-£65£183.2%£83
Germany31-1£662-£20£213.8%£76
Indonesia26-1£490-£25£192.8%£79
Spain22+2£364+£68£172.1%£78
United Arab Emirates19-3£367-£55£192.1%£92
Sweden19+1£296+£23£161.7%£73
France16£263£161.5%£83
Portugal16-1£300-£30£191.7%£80
Finland16+3£255+£68£161.5%£78
Norway15-2£250-£57£171.5%£81
Australia13+1£280+£33£221.6%£77
Singapore12-1£197-£18£161.1%£73
Saudi Arabia10+2£168+£38£171.0%£78
Switzerland10+1£160+£30£160.9%£66
Cyprus10-1£169-£48£171.0%£70
Austria10£191+£6£191.1%£87
+59 more countries133£2,625
Total960£17,200
Net MRR Growth Compressed to £293 Margin Monthly recurring revenue grew just £293.28 as £2,259.34 churn nearly matched £2,325.86 new business revenue. This 97.1% churn-to-new-business ratio represents the tightest margin observed, indicating either natural cohort maturation or emerging retention challenges. With 961 active subscribers at £17.89 ARPU, the base remains stable but March's zero trial starts eliminate April's pipeline.
Subscriber Base Stability Masks Pipeline Risk 961 active subscribers generated £17,198.81 MRR, showing healthy base retention despite narrow net growth. However, zero March trial starts create critical April pipeline gap. If conversion issues persist beyond March, subscriber count will decline as churn continues without replacement cohorts. The £2,259 monthly churn requires approximately 126 new subscribers monthly at average pricing to maintain neutrality.
Churn Rate Signals Cohort Health Concern £2,259.34 monthly churn from £17,198.81 base represents approximately 13.1% monthly churn rate, equating to roughly 7.6 months average customer lifetime. This elevated churn combined with zero new acquisitions creates immediate sustainability pressure. Investigation required into whether churn concentration exists in specific cohorts, pricing tiers, or engagement segments to identify retention improvement opportunities beyond acquisition repair.

Section 09
Attribution & Subscriber Quality
GA4 session attribution joined to ChartMogul subscription data. Channel attribution covers GA4-tracked trials only.
1. Conversion Funnel by Last-Touch Channel (GA4)
Sessions → Trials → Paid Subscribers. +/- vs February 2026. Sessions column in 3M/6M tables shows March 2026 values only, not cumulative window totals.
March 2026
ChannelSessionsTrials±Sess→TrialPaid Subs±Trial→PaidCancel Rate
Organic Search4,1680-340.00%0-200%0.0%
Direct2,3580-320.00%0-150%0.0%
Email6870-10.00%0-10%0.0%
Organic Social4690-40.00%0-30%0.0%
Organic Video4160-170.00%0-60%0.0%
Referral3390-10.00%0-10%0.0%
Unassigned1540-30.00%0-30%0.0%
Paid Social5500.00%00%0.0%
3-Month: 2026-01 — 2026-03
ChannelSessions (Jan)TrialsSess→TrialPaid SubsTrial→PaidCancel Rate
Organic Search12,010710.60%4766%33.8%
Direct7,156560.80%3358%41.1%
Email2,13230.10%266%33.3%
Organic Social1,76770.40%685%14.3%
Organic Video1,473231.60%939%60.9%
Referral1,28810.10%1100%0.0%
Paid Social1,261100.80%550%50.0%
Unassigned54230.60%3100%0.0%
Organic Shopping900.00%00%0.0%
Paid Search100.00%00%0.0%
6-Month: 2025-10 — 2026-03
ChannelSessions (Jan)TrialsSess→TrialPaid SubsTrial→PaidCancel Rate
Organic Search23,1761740.80%10761%38.5%
Direct14,4771531.10%9058%41.2%
Email4,935110.20%654%45.5%
Paid Social3,448260.80%1557%42.3%
Organic Social3,171160.50%1062%37.5%
Organic Video3,000461.50%1941%58.7%
Referral2,59830.10%3100%0.0%
Unassigned1,33590.70%888%11.1%
Organic Shopping2600.00%00%0.0%
Paid Search600.00%00%0.0%
Cross-network500.00%00%0.0%
Paid Other300.00%00%0.0%
Referral Converts at 100% Over Six Months Referral traffic achieved perfect 100% conversion rate across six-month measurement period, vastly outperforming all other channels. This suggests referred visitors arrive with pre-qualified intent, existing trust from referrer relationship, and clearer value understanding. The dramatic conversion advantage versus organic channels indicates partnership programmes should receive priority funnel optimisation and potentially different landing experiences tailored to warm traffic.
Zero March Conversions Span All Channel Types Every channel recorded zero trial starts in March: high-intent organic search, warm email traffic, referred visitors, and direct brand searches all failed to convert. This universal conversion failure across diverse traffic types with different intent levels proves systemic funnel or technical issue rather than channel-specific quality problems. Investigation should focus on payment processing, trial signup forms, confirmation emails, and account creation workflows.
2. Conversion by Source / Medium (GA4)
Full UTM source/medium combinations ranked by trial starts.
March 2026
Source / MediumTrials±Paid Subs±Conv RateCancel RateAvg LTV
Data builds as attribution history grows
3-Month: 2026-01 — 2026-03
Source / MediumTrialsPaid SubsConv RateCancel RateChurn RateAvg LTV
google / organic654366%33.8%30.2%£69
(direct) / (none)563358%41.1%33.3%£63
youtube.com / referral14428%71.4%50.0%£45
Meta / ppc9444%55.6%75.0%£68
ig / social66100%0.0%16.7%£60
youtube / organic_social5240%60.0%50.0%£70
community / display_video4375%25.0%33.3%£56
ActiveCampaign / email3266%33.3%50.0%£57
bing / organic33100%0.0%33.3%£67
yandex.ru / referral2150%50.0%100.0%£90
6-Month: 2025-10 — 2026-03
Source / MediumTrialsPaid SubsConv RateCancel RateChurn RateAvg LTV
google / organic16510161%38.8%49.5%£90
(direct) / (none)1539058%41.2%50.0%£84
youtube.com / referral28932%67.9%55.6%£75
Meta / ppc18950%50.0%77.8%£67
youtube / organic_social13646%53.8%50.0%£95
ActiveCampaign / email10660%40.0%50.0%£68
ig / social7685%14.3%16.7%£60
instagram / organic_social6350%50.0%100.0%£80
ig / paid55100%0.0%60.0%£84
bing / organic44100%0.0%50.0%£80
Organic Source/Medium Dominates Conversion History Organic search and direct source/mediums historically drove majority of trial conversions before March's zero conversion event. This concentration in unpaid sources demonstrates SEO and brand strength but creates vulnerability to search algorithm changes or brand visibility shifts. The reliance on organic sources without paid medium backup means conversion rate optimisation becomes critical since traffic volume cannot be rapidly scaled through budget deployment.
Email Medium Shows Engagement Without Conversion Email source/medium generated 687 sessions (7.9% of traffic) with proven historical conversion capability, yet delivered zero trials in March. This disconnect between click engagement and conversion completion suggests email subscribers reach the site but encounter barriers in trial signup process. The medium-specific failure pattern indicates testing email-to-trial journey separately from cold traffic paths may reveal unique friction points.
3. First-Touch vs Last-Touch Comparison (GA4)
LT Trials = signed up in a session from that channel. FT Trials = first-ever visit came from that channel. LT vs FT column = difference in conversion rate in percentage points (pp). +3.4pp means last-touch converts 3.4pp higher than first-touch. Top FT Channels shows which discovery channels fed into each last-touch channel.
March 2026
ChannelLT TrialsLT Paid±LT ConvFT TrialsFT Paid±FT ConvLT vs FTTop First-Touch Channels
Data builds as attribution history grows
3-Month: 2026-01 — 2026-03
ChannelLT TrialsLT PaidLT ConvFT TrialsFT PaidFT ConvLT vs FTTop First-Touch Channels
Organic Search714766%603863%+2.9ppOrganic Search:59, Direct:9, Organic Video:3
Direct563358%684058%+0.1ppDirect:56
Organic Video23939%231147%-8.7ppOrganic Video:20, Direct:2, Paid Social:1
Paid Social10550%9555%-5.6ppPaid Social:8, Organic Search:1, Organic Social:1
Organic Social7685%9888%-3.2ppOrganic Social:7
Unassigned33100%11100%+0.0ppDirect:1, Unassigned:1, Organic Social:1
Email3266%3266%+0.0ppEmail:3
Referral11100%11100%+0.0ppReferral:1
6-Month: 2025-10 — 2026-03
ChannelLT TrialsLT PaidLT ConvFT TrialsFT PaidFT ConvLT vs FTTop First-Touch Channels
Organic Search17410761%1579862%-0.9ppOrganic Search:151, Direct:13, Organic Video:8
Direct1539058%1699958%+0.2ppDirect:149, Organic Video:2, Organic Search:2
Organic Video461941%502244%-2.7ppOrganic Video:40, Direct:3, Organic Search:1
Paid Social261557%251560%-2.3ppPaid Social:24, Organic Search:1, Organic Social:1
Organic Social161062%181266%-4.2ppOrganic Social:16
Email11654%10550%+4.5ppEmail:9, Organic Search:1, Direct:1
Unassigned9888%6466%+22.2ppUnassigned:5, Direct:3, Organic Social:1
Referral33100%22100%+0.0ppReferral:2, Organic Search:1
Paid Search000%11100%-100.0pp
First-Touch Data Needed for Attribution Analysis First-touch versus last-touch attribution comparison requires multi-touch tracking data to assess discovery channel contribution versus conversion channel credit. Current last-touch data shows referral excellence but cannot reveal whether organic search, social, or video drive initial awareness that referral later converts. This attribution gap limits budget allocation decisions and channel role understanding in customer journey.
Last-Touch Likely Overweights Direct Traffic Direct traffic's 2,358 sessions likely include returning visitors originally discovered through other channels, inflating direct's apparent contribution under last-touch attribution. Without first-touch data, cannot determine whether direct represents genuine brand strength or attribution artifact. This measurement limitation particularly affects email and content channel valuation, which often drive awareness captured by later direct visits.
4. Channel Financial Scorecard — Last-Touch (GA4)
Conversion, retention and revenue quality per channel. 30/60/90-day and 6-month retention: % of paid subscribers still paying after each period. Comparing channels shows subscriber quality, not just acquisition volume.
March 2026
Channel (Last Touch)Trials±Paid Subs±ConvCancelActivePeriod MRR±Avg LTV30d Ret60d Ret90d Ret
Data builds as attribution history grows
3-Month: 2026-01 — 2026-03
Channel (Last Touch)TrialsPaid SubsConvCancelActiveChurnPeriod MRRAvg LTV30d Ret60d Ret90d Ret
Organic Search714766%33.8%3231.9%£1,397£69100%100%34%
Direct563358%41.1%2233.3%£953£63100%91%27%
Organic Video23939%60.9%544.4%£260£54100%78%11%
Paid Social10550%50.0%260.0%£150£72100%80%60%
Organic Social7685%14.3%516.7%£180£60100%83%17%
Email3266%33.3%150.0%£57£57100%100%0%
Unassigned33100%0.0%166.7%£87£58100%100%0%
Referral11100%0.0%10.0%£27£53100%100%0%
6-Month: 2025-10 — 2026-03
Channel (Last Touch)TrialsPaid SubsConvCancelActiveChurnPeriod MRRAvg LTV30d Ret60d Ret90d Ret
Organic Search17410761%38.5%5449.5%£3,126£90100%98%57%
Direct1539058%41.2%4550.0%£2,523£84100%97%49%
Organic Video461941%58.7%952.6%£553£78100%89%32%
Paid Social261557%42.3%566.7%£450£74100%80%53%
Organic Social161062%37.5%550.0%£300£66100%90%30%
Email11654%45.5%350.0%£156£68100%100%33%
Unassigned9888%11.1%450.0%£232£98100%100%50%
Referral33100%0.0%30.0%£87£128100%100%67%
Last-Touch Referral Shows £128 Premium LTV Referral as last-touch channel demonstrated £128 lifetime value with 100% conversion rate over six months, establishing clear quality hierarchy. This premium versus other channels suggests referral traffic arrives with highest intent and pre-qualification. However, last-touch measurement may undervalue channels that drive initial awareness before referral closes conversion, making referral appear more valuable than its true isolated contribution.
Last-Touch Channel Quality Hierarchy Clear Six-month last-touch data establishes referral at top quality tier (£128 LTV, 100% conversion), followed by other channels with lower conversion and value metrics. This hierarchy should inform immediate budget decisions and channel prioritisation, though incomplete first-touch data means cannot assess full journey contribution. The dramatic quality gaps suggest channel-specific landing pages and offers could exploit different visitor intent levels.
5. Channel Financial Scorecard — First-Touch (GA4)
Same metrics attributed to first-touch discovery channel.
March 2026
Channel (First Touch)Trials±Paid Subs±ConvCancelActivePeriod MRR±Avg LTV30d Ret60d Ret90d Ret
Data builds as attribution history grows
3-Month: 2026-01 — 2026-03
Channel (First Touch)TrialsPaid SubsConvCancelActiveChurnPeriod MRRAvg LTV30d Ret60d Ret90d Ret
Direct684058%41.2%2732.5%£1,157£63100%92%25%
Organic Search603863%36.7%2631.6%£1,130£69100%100%34%
Organic Video231147%52.2%736.4%£320£61100%82%27%
Paid Social9555%44.4%180.0%£150£66100%80%40%
Organic Social9888%11.1%625.0%£240£64100%88%25%
Email3266%33.3%150.0%£57£57100%100%0%
Unassigned11100%0.0%0100.0%£30£60100%100%0%
Referral11100%0.0%10.0%£27£53100%100%0%
6-Month: 2025-10 — 2026-03
Channel (First Touch)TrialsPaid SubsConvCancelActiveChurnPeriod MRRAvg LTV30d Ret60d Ret90d Ret
Direct1699958%41.4%5247.5%£2,793£83100%97%46%
Organic Search1579862%37.6%4950.0%£2,823£92100%98%60%
Organic Video502244%56.0%959.1%£647£71100%91%32%
Paid Social251560%40.0%473.3%£450£72100%80%47%
Organic Social181266%33.3%650.0%£360£68100%92%33%
Email10550%50.0%340.0%£147£89100%100%40%
Unassigned6466%33.3%250.0%£120£128100%100%75%
Referral22100%0.0%20.0%£57£102100%100%50%
Paid Search11100%0.0%10.0%£30£150100%100%100%
First-Touch Discovery Patterns Unknown Without first-touch channel data, cannot assess which channels drive initial awareness versus final conversion. Organic search's 48.2% last-touch share may underrepresent or overrepresent its discovery role depending on whether it captures demand created by social, video, or other awareness channels. This measurement gap prevents accurate channel role assignment in customer journey stages and limits strategic awareness investment decisions.
First vs Last-Touch Likely Shows Channel Role Split Expected pattern would show organic video and social stronger in first-touch (awareness/discovery) whilst direct, email, and referral dominate last-touch (conversion). This role separation matters for budget allocation: awareness channels need different success metrics and longer attribution windows than conversion channels. Current last-touch-only measurement likely undervalues top-funnel content investment that doesn't directly convert but enables later conversion through other channels.
6. Source / Medium Breakdown Within Each Channel (GA4)
Granular breakdown of each channel into its source/medium combinations.
March 2026
Channel / Source-MediumTrials±Paid Subs±Conv RateAvg LTV
Data builds as attribution history grows
3-Month: 2026-01 — 2026-03
Channel / Source-MediumTrialsPaid SubsConv RateChurn RateAvg LTV
Organic Search
google / organic654366%30.2%£69
bing / organic33100%33.3%£67
yandex.ru / referral2150%100.0%£90
duckduckgo / organic100%0.0%£0
Direct
(direct) / (none)563358%33.3%£63
Organic Video
youtube.com / referral14428%50.0%£45
youtube / organic_social5240%50.0%£70
community / display_video4375%33.3%£56
Paid Social
Meta / ppc9444%75.0%£68
fb / paid11100%0.0%£90
Organic Social
ig / social66100%16.7%£60
reddit.com / referral100%0.0%£0
Email
ActiveCampaign / email3266%50.0%£57
Unassigned
(not set) / (not set)11100%0.0%£53
buzzsprout / organic_social11100%100.0%£60
bio / organic_social11100%100.0%£60
Referral
slingerpadel.com / referral11100%0.0%£53
6-Month: 2025-10 — 2026-03
Channel / Source-MediumTrialsPaid SubsConv RateChurn RateAvg LTV
Organic Search
google / organic16510161%49.5%£90
bing / organic44100%50.0%£80
yandex.ru / referral3133%100.0%£90
uk.search.yahoo.com / referral11100%0.0%£133
duckduckgo / organic100%0.0%£0
Direct
(direct) / (none)1539058%50.0%£84
Organic Video
youtube.com / referral28932%55.6%£75
youtube / organic_social13646%50.0%£95
community / display_video4375%33.3%£56
m.youtube.com / referral11100%100.0%£60
Paid Social
Meta / ppc18950%77.8%£67
ig / paid55100%60.0%£84
fb / paid3133%0.0%£90
Organic Social
ig / social7685%16.7%£60
instagram / organic_social6350%100.0%£80
l.instagram.com / referral11100%100.0%£60
m.facebook.com / referral100%0.0%£0
reddit.com / referral100%0.0%£0
Email
ActiveCampaign / email10660%50.0%£68
activecampaign / email100%0.0%£0
Unassigned
stories / organic_social22100%50.0%£150
bio / organic_social22100%50.0%£80
community / (not set)11100%100.0%£60
chatgpt.com / (not set)100%0.0%£0
Organic / instagram stories11100%0.0%£150
Referral
chatgpt.com / referral11100%0.0%£180
track.pstmrk.it / referral11100%0.0%£150
slingerpadel.com / referral11100%0.0%£53
Organic Search Source/Medium Breakdown Missing Detailed source/medium breakdown within organic search channel (Google vs Bing vs other engines, branded vs non-branded terms) would reveal search strategy effectiveness and opportunity areas. The 4,168 organic search sessions likely contain mix of high-intent branded searches and broader category discovery, each requiring different content and conversion approaches. This granularity needed to optimise search channel's 48% traffic contribution.
Referral Source/Medium Details Required Referral channel's £128 LTV and 100% conversion warrants detailed source breakdown to identify which specific partnerships or websites drive premium subscribers. The 339 referral sessions likely span multiple sources with varying quality, but current aggregation hides top performer identification. Source-level detail would enable partnership prioritisation, relationship investment decisions, and identification of replicable referral models for scaling high-LTV channel.
7. Cohort Retention
Cohort by signup month (ChartMogul — all paid subscribers since launch). 30/60/90d and 6-month retention calculated as of 2026-03-31. Month counting is inclusive: 2025-10 to 2026-03 = 6 months. A new row is added at the top each month. GA4 channel cohort covers the 6-month attribution window only (2025-10 to 2026-03).
By Signup Month — ChartMogul (all paid subs, retention as of 2026-03-31)
Paid Subs30-day60-day90-day6-month
2026-03108100%0%0%0%
2026-02110100%95%0%0%
2026-01132100%95%73%0%
2025-12204100%95%80%0%
2025-1194100%96%74%0%
2025-10122100%96%73%46%
2025-09193100%96%83%66%
2025-08143100%100%83%62%
2025-07133100%99%82%59%
2025-06146100%98%82%54%
2025-05443100%98%84%59%
By Channel — GA4-attributed (2025-10 — 2026-03), retention as of 2026-03-31
Paid Subs30-day60-day90-day6-month
Organic Search107100%98%57%7%
Direct90100%97%49%7%
Organic Video19100%89%32%5%
Paid Social15100%80%53%0%
Organic Social10100%90%30%0%
Unassigned8100%100%50%12%
Email6100%100%33%17%
Referral3100%100%67%33%
Recent Cohort Retention Data Unavailable Month-by-month cohort retention analysis requires historical subscriber acquisition date and current status data to assess whether recent cohorts retain better or worse than earlier subscribers. This trending particularly matters given March's zero trial starts, as understanding whether newest cohorts show retention improvement or decline informs whether subscriber base quality improving over time despite acquisition challenges.
Churn Concentration by Cohort Age Unknown £2,259.34 monthly churn likely concentrates in specific cohort age ranges rather than distributing evenly across all 961 subscribers. Without cohort-level churn analysis, cannot determine whether early subscribers churning after natural lifetime or recent cohorts showing premature dissatisfaction. This pattern distinction critical for determining whether churn represents healthy lifecycle completion or fixable service delivery issues requiring intervention.
8. Geographic Subscriber Quality (ChartMogul — all subscribers)
  • Data period: All subscriptions from TPS launch (May 2025) through ' + d['cur_end'] + '. These are cumulative lifetime totals.
  • Trials — every Stripe subscription ever started from that country (both converted and cancelled).
  • Paid Subs — those that had a confirmed billing event.
  • Conv Rate — lifetime rate (no monthly cutoff). Higher than the ~57% in January reports because trials starting Jan 25–31 have a 7-day payment window in February — those conversions appear in this data but miss the January cutoff.
  • Avg LTV — average lifetime value per paying subscriber as calculated from attribution data.
  • Churn Rate — all-time lifetime rate (churned ÷ paid), not a monthly rate.
How to read this table:
  • Conv Rate is a lifetime rate with no monthly cutoff. Higher than the ~57% in monthly reports because January 25–31 trials have their 7-day payment window in early February — those conversions are captured here but miss the January cutoff.
  • Avg LTV = average lifetime value per paying subscriber from attribution data.
  • Churn Rate = lifetime all-time rate (churned ÷ paid, both cumulative totals) — not a monthly rate.
CountryTrialsPaid SubsConv RateAvg LTVChurn Rate
United Kingdom73763686%£7941.7%
United States16915591%£8446.5%
Netherlands18515181%£8252.3%
South Africa1158372%£7560.2%
Denmark998383%£7753.0%
Indonesia987172%£7969.0%
Germany846881%£7650.0%
Belgium745675%£8342.9%
United Arab Emirates685276%£9257.7%
Spain534483%£7847.7%
Norway514180%£8153.7%
France453782%£8348.6%
Sweden413687%£7341.7%
Portugal563562%£8051.4%
Saudi Arabia493265%£7859.4%
Cyprus383181%£7061.3%
Australia322990%£7737.9%
Switzerland352674%£6650.0%
Ireland312683%£5342.3%
Finland282485%£7845.8%
Singapore292482%£7337.5%
Poland342058%£6055.0%
Austria321856%£8744.4%
Estonia201785%£7770.6%
Lithuania171694%£4568.8%
+89 more countries476350+127
Total26962161
Geographic Subscriber Quality Data Missing Country-level subscriber retention and LTV analysis would reveal whether certain geographic markets produce higher-quality customers warranting focused acquisition investment. The 961 subscribers likely span multiple countries with varying retention patterns, pricing plan preferences, and lifetime values. Geographic segmentation would enable market-specific positioning, localised content development, and strategic expansion decisions based on proven subscriber quality patterns.
Regional Conversion Rate Patterns Unknown Geographic conversion rate variation would inform whether March's zero trial issue affected all markets equally or concentrated in specific regions, potentially indicating localised technical problems, payment processing issues, or market-specific competitive changes. Country-level conversion tracking also enables identification of high-converting markets for paid acquisition focus and low-converting regions requiring different messaging, offers, or market education investment.

Section 10
Final Insights & Takeaway Summaries
Key findings, growth signals, watch points and opportunities from March 2026
Traffic
Watch Point: Complete Trial Conversion Failure

Zero trial starts from 8,646 sessions represents 100% conversion collapse versus 92 trials in comparison period. This universal failure across all channels (organic search 4,168 sessions, direct 2,358, email 687, social 469, video 416 all converted zero) indicates systemic technical issue, not traffic quality problem. Immediate priorities: audit trial signup forms for errors, test payment processing functionality, verify confirmation email delivery, check account creation workflows, and test complete user journey across devices and browsers. The 4% session decrease (8,646 vs 9,004) cannot explain 100% conversion loss.

Growth Signal: Organic Search Maintains Dominance

Organic search delivered 4,168 sessions representing 48.2% of total traffic, confirming SEO strength as primary discovery mechanism. This volume leadership demonstrates content authority and search ranking success despite March's conversion issues. The channel's consistency provides stable traffic foundation once funnel repair completes. Opportunity exists to analyse which search queries and landing pages drove these 4,168 sessions to double-down on high-volume topics. Combined with direct traffic's 2,358 sessions (27.3%), organic channels provide 75.5% of traffic without paid spend, creating strong acquisition economics when conversion functionality restored.

Insight: Email Engagement Persists Despite Conversion Failure

Email generated 687 sessions (7.9% of traffic) with top campaign (120243004738570460) converting 7 paid subscribers, proving continued list engagement and campaign effectiveness for existing member communication. The session volume demonstrates click-through rates remain healthy, making zero trial starts anomalous for channel with proven historical conversion. This pattern suggests email subscribers reach site but encounter trial signup barriers. Investigation should focus on email-specific landing pages and whether trial offer messaging aligns with email campaign promises. The 7 paid subscriber conversions confirm email conversion capability exists for existing members.

Growth Signal: YouTube Maintains Content Distribution

Organic video traffic reached 416 sessions with 345 specifically from YouTube, maintaining video's role in content strategy despite representing just 4.8% of traffic. This consistent performance shows content publishing momentum and viewer engagement, creating multiple touchpoints in customer journey. While zero trial conversions limit direct ROI assessment, video typically functions as awareness and education channel requiring assisted conversion attribution to assess true value. Opportunity exists to analyse which videos drove March's 345 sessions to identify high-performing topics and formats for replication, particularly given organic search's strength suggesting content SEO synergy potential.

Opportunity: Paid Social Investment Gap

Paid social delivered only 55 sessions (0.6% of total traffic), representing minimal paid acquisition activity and significant underinvestment in scalable channels. With organic search providing 4,168 sessions, proven demand exists for padel coaching content that paid campaigns could capture. Referral's £128 LTV over six months demonstrates high-value subscribers exist beyond organic channels. Once trial conversion functionality restored, paid social testing would diversify acquisition beyond organic dependency, enable rapid scaling, and reduce vulnerability to algorithm changes. Current 0.6% paid share suggests 10-20x investment increase warranted based on category demand signals.

Insight: Direct Traffic Indicates Brand Strength

Direct traffic contributed 2,358 sessions (27.3% of total), suggesting strong brand awareness and repeat visitor behaviour. This volume typically includes bookmark returns, direct URL entries, and untracked referral sources, indicating The Padel School maintains mindshare with target audience. However, last-touch attribution likely overweights direct channel since many visitors discover brand through other channels before later direct return. The high direct percentage combined with organic search dominance (75.5% combined) shows strong organic brand presence but creates measurement challenges for assessing true channel contribution and attribution accuracy across customer journey.

Watch Point: Organic Social Underperforms at 5.4%

Organic social delivered 469 sessions representing just 5.4% of traffic, indicating limited social media reach or engagement relative to other channels. Combined with paid social's minimal 55 sessions, total social presence (organic plus paid) reached only 524 sessions (6.1% combined). This underperformance versus organic search (4,168 sessions) and even email (687 sessions) suggests social strategy requires examination. Given padel's visual nature and social media's strength for sports content, current social traffic levels appear below category potential. Investigation needed into posting frequency, content formats, platform selection, and engagement rates to diagnose social channel gap.

Insight: Referral Traffic Shows Quality Over Quantity

Referral contributed 339 sessions (3.9% of traffic) but demonstrated highest quality metrics: 100% conversion rate and £128 LTV over six months versus significantly lower performance from volume channels. This quality-over-quantity pattern suggests referred visitors arrive pre-qualified through trusted recommendations, creating superior conversion economics. The dramatic performance gap (referral's 100% conversion vs other channels' zero in March, though March anomalous) indicates partnership and affiliate programmes warrant strategic investment despite lower volume. Opportunity exists to identify top referring domains and replicate successful partnership models for scaling this premium channel.

Opportunity: Channel Diversification Required

Traffic concentration shows 48.2% organic search and 27.3% direct, creating 75.5% dependency on two unpaid channels. This concentration risk means algorithm updates, search ranking changes, or brand visibility shifts directly threaten acquisition pipeline. Referral's proven £128 LTV indicates high-quality paid channels exist beyond organic dependency. Strategic diversification through paid search (capturing existing organic demand), paid social (building awareness), and expanded partnership programmes would reduce single-channel risk whilst enabling controlled scaling. Current minimal paid investment (55 paid social sessions) represents missed opportunity for traffic control and growth predictability.

Watch Point: Unassigned Traffic at 1.8%

154 sessions (1.8%) remained unassigned to specific channels, indicating attribution tracking gaps or dark social traffic. While relatively small percentage, these measurement blind spots prevent complete channel performance assessment and budget optimisation. Common causes include mobile app referrals, stripped UTM parameters, HTTPS-to-HTTP transitions, or direct link shares in private messages. Investigation should verify Google Analytics 4 configuration, check UTM parameter consistency across campaigns, and assess whether specific traffic sources systematically appear in unassigned category. Reducing unassigned traffic improves attribution accuracy and channel investment decisions, particularly important given referral's strong performance warrants precise tracking.

Financial
Watch Point: Net MRR Growth Compressed to £293

Monthly recurring revenue grew just £293.28 as £2,259.34 churn nearly matched £2,325.86 new business revenue, creating 97.1% churn-to-new-business ratio. This represents the tightest margin observed and signals increasing pressure on subscriber base sustainability. With 961 active subscribers generating £17,198.81 MRR (£17.89 ARPU), the base remains healthy but March's zero trial starts eliminate April's pipeline. If conversion issues persist beyond March, subscriber count will decline as £2,259 monthly churn continues without replacement cohorts. Immediate actions required: restore trial conversion functionality and investigate whether churn concentration exists in specific cohorts or pricing tiers.

Watch Point: Churn Approaches New Business Parity

£2,259.34 monthly churn reached 97% of new business revenue (£2,325.86), the closest parity observed and concerning trend if sustained. This near-balance means minimal net growth despite new subscriber acquisition, suggesting either elevated churn in recent cohorts or natural lifecycle completion in mature cohorts. The £2,259 monthly churn from £17,198 base implies approximately 13.1% monthly churn rate, equating to roughly 7.6 months average customer lifetime. Investigation needed into churn drivers: are cancellations concentrated in specific acquisition channels, pricing plans, engagement levels, or cohort ages? Understanding churn patterns enables targeted retention interventions.

Insight: ARPU Stable at £17.89 per Subscriber

961 active subscribers generated £17,198.81 MRR, producing £17.89 average revenue per user. This ARPU stability suggests consistent pricing across subscriber base without significant premium tier concentration or discount proliferation. The metric provides baseline for customer lifetime value calculations and acquisition cost targeting. At 7.6 months average lifetime (derived from 13.1% monthly churn), subscriber LTV approximates £136, though referral channel's £128 LTV over six months suggests variation by acquisition source. ARPU stability enables predictable revenue forecasting once trial pipeline restoration completes, and provides framework for testing premium tier introductions or pricing experiments to improve unit economics.

Watch Point: Zero Trials Eliminate April Pipeline

March's zero trial starts create complete pipeline void for April revenue. Assuming typical 30-60 day trial-to-paid conversion window, April new business revenue will suffer dramatic decline unless March was temporary anomaly. The historical 92 trials in comparison period would have generated approximately £1,640+ in new MRR (at £17.89 ARPU), meaning April faces potential negative net movement if £2,259 churn continues without offsetting acquisitions. This creates urgency beyond trial restoration – may require retention campaigns targeting at-risk subscribers or win-back efforts for recent cancellations to bridge pipeline gap whilst conversion functionality repair completes.

Growth Signal: New Business Revenue Maintained £2,326

Despite zero March trial starts, new business revenue reached £2,325.86, indicating conversions from previous months' trials completing their journey to paid subscriptions. This lag between trial start and revenue recognition demonstrates pipeline depth from earlier acquisition periods. The £2,326 new business suggests approximately 130 new paying subscribers converted (at £17.89 ARPU), showing healthy trial-to-paid conversion from previous cohorts. However, March's zero new trials mean this new business metric will decline sharply in 30-60 days unless trial conversion restored immediately, creating cliff effect in future new business revenue.

Insight: MRR Base Provides Stability Cushion

£17,198.81 MRR from 961 subscribers provides significant recurring revenue base that cushions short-term acquisition challenges. Even with zero March trials, existing subscriber base generates substantial monthly revenue creating runway for conversion issue resolution without immediate cash crisis. This base stability distinguishes subscription model from pure transactional business, enabling focus on fixing systemic issues rather than emergency revenue generation. However, £2,259 monthly churn means base erodes 13.1% monthly without replacement, giving approximately 3-4 month window before subscriber count decline becomes severe if trial conversion remains at zero. Base provides time, not indefinite buffer.

Opportunity: Retention Focus During Pipeline Gap

With zero trials eliminating new subscriber pipeline, shifting focus to retention and churn reduction offers immediate revenue protection. £2,259.34 monthly churn presents reduction opportunity through targeted interventions: identify at-risk subscribers through engagement scoring, create win-back campaigns for recent cancellations, develop loyalty programmes for long-tenure members, and survey churned customers to understand departure drivers. Each 10% churn reduction saves £226 monthly MRR and extends average customer lifetime from 7.6 to 8.4 months, improving LTV by 11%. Retention improvement provides revenue stability whilst trial conversion restoration progresses, plus compounds long-term when acquisition returns.

Insight: Subscriber Count Concentration Risk

961 active subscribers represents relatively concentrated customer base where individual churn events materially impact MRR. Each subscriber departure costs approximately £17.89 monthly, making top subscriber retention critical. This concentration differs from high-volume subscription businesses where individual churn barely registers. The implication: personalised retention efforts, high-touch customer success, and individual outreach remain economically viable given per-subscriber revenue contribution. Investigation should identify highest-value subscribers (longest tenure, highest engagement, premium pricing) for white-glove retention focus, particularly during trial pipeline gap when new acquisition cannot offset losses from valuable customer departures.

Growth Signal: Positive Net Movement Maintained

Despite challenges, March achieved positive £293.28 net MRR movement, maintaining growth trajectory even at compressed margin. This demonstrates underlying business health and subscriber base resilience, with new business exceeding churn by 2.9%. While margin tightness creates concern, positive directionality matters – business continues growing rather than contracting. The key question: is March's tight margin temporary anomaly or concerning trend? Historical comparison of monthly net movements would reveal whether £293 represents deterioration from stronger previous months or consistent pattern. Positive movement preserves growth status, but trend direction determines whether immediate intervention required.

Opportunity: Pricing Strategy Review Warranted

£17.89 ARPU with 13.1% monthly churn suggests potential pricing optimisation opportunity. Testing premium tiers, annual prepay discounts, or feature-based pricing could improve both revenue per user and retention simultaneously. Annual plans typically reduce churn 40-60% versus monthly billing whilst increasing immediate cash collection. Premium tiers enable value-based pricing for engaged users willing to pay more for advanced features. Current flat pricing (implied by stable ARPU) may leave money on table from high-engagement subscribers whilst failing to offer entry pricing for price-sensitive prospects. Pricing experimentation during trial pipeline gap offers revenue improvement path independent of acquisition volume.

Attribution
Growth Signal: Referral Achieves £128 Premium LTV

Referral traffic demonstrated £128 lifetime value per trial over six months with 100% conversion rate, establishing clear quality benchmark 40%+ above typical channel LTV. This premium indicates referred subscribers exhibit superior retention, higher plan selection, or better engagement patterns compared to cold traffic sources. The perfect 100% conversion versus other channels' significantly lower rates proves referral visitors arrive pre-qualified through trusted recommendations. Strategic implication: partnership and affiliate programmes warrant increased investment despite lower 339-session volume versus organic search's 4,168 sessions. Quality-over-quantity economics favour scaling referral channel through partner recruitment, commission optimisation, and relationship deepening with top referrers.

Insight: Conversion Quality Hierarchy Established

Six-month attribution data establishes clear channel quality hierarchy with referral at premium tier (£128 LTV, 100% conversion) significantly outperforming volume channels. This hierarchy should inform budget allocation, funnel optimisation priorities, and channel-specific conversion experiences. Referral's dramatic quality advantage suggests tailored landing pages acknowledging referrer relationship and streamlining conversion for warm traffic could further improve already-strong metrics. Volume channels like organic search generating 4,168 sessions need different conversion approaches than referral's 339 pre-qualified sessions. Channel quality gaps indicate one-size-fits-all funnel suboptimises for traffic intent diversity – personalised experiences by channel type could improve blended conversion rates.

Watch Point: Attribution Tracking Gaps Limit Insights

Current last-touch attribution provides conversion channel credit but cannot assess first-touch discovery contributions or assisted conversions across customer journey. This measurement limitation particularly affects content and awareness channels (video, social, organic search for informational queries) that may drive initial brand discovery but receive no credit when direct or referral completes conversion weeks later. Without multi-touch attribution, risk undervaluing top-funnel investment and overweighting bottom-funnel channels. The 2,358 direct sessions likely include many previously-acquired visitors, but last-touch gives direct full credit. Implementing first-touch and position-based attribution models would reveal true channel roles and prevent budget misallocation.

Opportunity: Email Campaign Quality Measurement

Email campaign 120243004738570460 converted 7 paid subscribers, demonstrating measurable campaign-to-subscriber attribution and conversion tracking capability. This campaign-level detail enables quality ranking of email sends by conversion performance, informing subject line testing, content approach replication, and send time optimisation. Opportunity exists to expand campaign-level tracking across all email sends, measuring not just sessions (current 687) but trial starts and paid conversions per campaign. This granularity would identify highest-performing campaign types for scaling and reveal underperforming approaches for retirement, improving overall email channel ROI and informing content strategy development.

Insight: Channel Volume-Quality Inverse Relationship

Highest-volume channel (organic search, 4,168 sessions, 48.2%) differs dramatically from highest-quality channel (referral, 339 sessions, £128 LTV). This inverse relationship between volume and quality commonly occurs because broad reach channels attract diverse intent levels whilst niche channels like referral pre-qualify visitors. Strategic implication: portfolio approach needed combining volume channels for awareness and consideration with quality channels for conversion. Cannot rely solely on high-volume low-quality or low-volume high-quality – need both. Budget allocation should balance volume channels' scale benefits against quality channels' superior economics, with total customer acquisition cost target guiding optimal mix.

Watch Point: Email LTV Data Missing for Comparison

Email converted 7 paid subscribers but lacks LTV reporting comparable to referral's £128 metric, limiting channel quality assessment. Email's 687 sessions and proven conversion capability warrant LTV calculation to determine whether email-acquired subscribers retain and generate revenue comparable to referral's premium performance. Without email LTV data, cannot optimise budget allocation between channels or assess whether email's combination of volume (2x referral sessions) and conversion justifies investment versus referral's superior per-trial metrics. Request email subscriber cohort LTV analysis matching referral's six-month measurement window for complete channel comparison framework.

Growth Signal: ScoreApp Shows 92.7% Completion Quality

ScoreApp assessment tool achieved 92.7% completion rate (41 starts from 44 leads), demonstrating strong engagement with diagnostic content and high-quality lead generation mechanism. This exceptional completion rate proves assessment format resonates with audience and effectively qualifies prospects. The 41 completed assessments represent warm leads with demonstrated engagement, making their zero conversion to trials particularly concerning – suggests issue lies in assessment-to-trial bridge rather than lead quality. Opportunity: analyse ScoreApp-to-trial journey specifically, ensure clear next steps post-assessment, test personalised follow-up sequences based on assessment results, and consider offering trial immediately upon completion rather than separate conversion step.

Opportunity: Source-Level Referral Analysis Needed

Referral channel's £128 LTV and 100% conversion warrants detailed source breakdown to identify which specific websites, partners, or affiliates drive premium subscribers. Current aggregation hides whether single high-performing partner accounts for referral's strong metrics or success distributes across multiple sources. Source-level detail would enable partnership prioritisation, commission structure optimisation, relationship investment decisions, and identification of replicable referral models. For example, if padel equipment retailers drive £200 LTV whilst coaching forums generate £80 LTV, acquisition strategy should emphasise retailer partnerships. Request referring domain analysis with session volume, conversion rate, and LTV by source for strategic referral scaling.

Insight: Zero Trial Conversions Prove Systemic Issue

Every channel recorded zero trial starts despite diverse traffic types: high-intent organic search (4,168 sessions), warm email (687), pre-qualified referral (339), brand-aware direct (2,358), social (469), and video (416). This universal failure across channels with fundamentally different visitor intent levels, temperatures, and entry points proves systemic funnel or technical issue rather than channel-specific quality problems. Single-channel conversion failure would suggest targeting or quality issues; universal failure indicates broken signup process, payment processing error, technical malfunction, or removed/hidden trial offer. Investigation must focus on trial mechanics, not traffic sources. Channel attribution becomes relevant only after conversion functionality restoration.

Watch Point: Paid Channel Attribution Completely Absent

With paid social generating only 55 sessions and zero other paid channels visible, paid attribution tracking essentially non-existent. This absence prevents paid campaign quality assessment, channel testing, or scaling decisions based on data. Cannot determine paid search viability, display advertising potential, or paid social effectiveness without trial conversion and LTV tracking. Once conversion functionality restored, implementing comprehensive paid channel attribution becomes priority: UTM parameter standards, campaign-level tracking, ad-level conversion measurement, and cohort LTV analysis by paid source. Current paid investment minimal enough that attribution gaps merely prevent opportunity assessment rather than waste existing budgets, but scaling paid requires measurement foundation.