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You asked

Why are newer users worse than older ones?

Each new batch of users performs worse than previous ones.

Symptom

At seventy-eight percent, the overall retention rate is up 1.2 points month over month.

Cause

The mechanism is denominator composition drift.

Impact

When retention is weighted by revenue rather than user count, the true economic retention becomes visible.

Full diagnostic context

Each new batch of users performs worse than previous ones.

At seventy-eight percent, the overall retention rate is up 1.2 points month over month.

The mechanism is denominator composition drift.

When retention is weighted by revenue rather than user count, the true economic retention becomes visible.