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The blackout is starting to have a financial impact on Reddit, but we must stay dark!
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The thing is that there aren't significant direct production costs per user for technology services like there are for material items, just overall maintenance costs that only scale noticeably with a large increase of new users, so it would actually be possible to pay for infrastructure and salary costs and all of that with just a percentage of your overall userbase being subscribed and subsidizing the rest. This is actually a monetization strategy that's working out for some privacy focused services like ProtonMail. So it would be necessary to convince some users to sign up but not necessarily all of them.
The public broadcasting model.
Shout out to KEXP.org