Kestrel · Revenue team · Q3 2026
Q3 churn review
Churn fell for the third month in a row. EMEA now drives most of the gain.
Can we split EMEA out?
Resolved in v4Invite clients and partners by email. They open the page with a one-time password, with no guest account in your Microsoft 365 tenant. Publish from Claude, ChatGPT, Cursor or any other agent. The Free plan costs $0.
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Answer
Use Display when people outside your Microsoft 365 tenant must open the page, or when Claude, ChatGPT or Cursor made it. You invite a client by email, and the client signs in with a one-time password. For the same person, Microsoft requires a guest account and an administrator who allows external sharing. Display keeps the HTML or Markdown file as the agent made it, and the Free plan costs $0. Use Copilot Pages when the page starts in Copilot Chat and the readers are colleagues in your tenant. It needs a OneDrive license, not a Microsoft 365 Copilot license, and colleagues edit together in real time. Keep Copilot Pages for drafts and publish to Display for clients.
Copilot Pages is for Copilot answers and colleagues in Microsoft 365. Display is for pages from any agent and the people you choose.
| Copilot Pages | ||
|---|---|---|
| People outside your company open it | Partly: Guest account, if admin allows | Yes: Email invite, one-time password |
| Public link without sign-in | Not documented | Yes: Unlimited public pages |
| Agents outside Copilot make the page | Not documented: Starts in Copilot Chat | Yes: Claude, ChatGPT, Cursor |
| Your agent reads comments and updates the page | Not documented | Yes: Same URL |
| Keeps the HTML your agent made | Not documented: Saved as a .page file | Yes: File stays as made |
| Shared folders for the team's pages | Partly: Author's personal storage | Yes: Spaces and folders, paid plans |
| Comments on the page | Yes: Rolling out | Yes: Every plan |
| Version history | Yes: 50 versions by default | Yes: From Solo |
| Included in Microsoft 365 | Yes: With a OneDrive license | No: Separate product, Free plan $0 |
| Real-time co-editing | Yes: With shared cursors | No: Planned |
| Live blocks in Teams, Outlook and OneNote | Yes: Loop components | No |
| Answers from your Microsoft 365 data | Yes: With a Copilot license | No: Use your own agent |
| Export to Word and PowerPoint | Yes: Also PDF | No: Print or save as PDF |
| Microsoft Purview controls | Yes: eDiscovery, DLP, labels | No: Audit logs on Business |
| @mentions in comments | Yes | No: Planned |
| Charts and tables you edit on the page | Yes: Interactive charts | Partly: HTML tables, Databases Planned |
Checked 12 November 2026. Sources: How Copilot Pages works · Get started with Copilot Pages · Copilot Pages permissions · Loop permissions and guests · Copilot Pages requirements · Compliance summary · Comments in Copilot Pages · Microsoft 365 Copilot enterprise pricing · Microsoft 365 Copilot Business pricing
Fix any line right where you read it.
A Q3 delivery report is open on Display, with 89.7% in its On-time rate tile. Someone selects Edit in the header, changes the tile to 94.4% on the page, and selects Save changes. The report reopens as version 4 at the same URL.
Shows this step in the loop
A page stays private until you share it. Then choose who can open it – one page, a folder or a whole Space.
Every page stays private until you share it with people and groups.
On Solo and higher plans, colleagues use the Google or Microsoft account they already have. Readers need no seat.
Invite clients and partners by email, and give each one a role: Viewer, Commenter, Contributor or Editor. They do not join your organization.
On Team and Business, see who opened which page, and when, before you follow up.
Choose by who makes the page and who must open it.
“Most of what I send clients goes through Display.”
Free plan
$0
One editor, 3 pages behind your company sign-in, unlimited public pages and 50 MB of storage. No credit card required. Viewers and Commenters are free.
Start freeA Space for every team, with folders inside and its own permissions.
You and your agents can search every doc you can open.
Claude, ChatGPT or Cursor, on personal or company plans. One doc, one URL.
Develop applications that pull data from your sources.
Pull data from the sources your team already uses.
Keep Copilot Pages for the pages that start in Copilot Chat and stay with colleagues in your tenant. Add Display for the pages that Claude, ChatGPT or Cursor make, and for the pages that clients must open. The Free plan costs $0. It includes one editor, 3 pages behind your company sign-in, unlimited public pages and 50 MB of storage. Viewers and Commenters are free.
The Free plan costs $0. Solo costs $12 a month, and Team costs $79 a month for the whole company, with up to 150 Editors and Contributors. Both prices are on monthly billing, without VAT. Viewers and Commenters are free on every plan. Copilot Pages has no separate price: it needs a OneDrive license. Microsoft 365 Copilot Business costs $25.20 for each user a month on monthly billing, and Copilot Pages does not need it.
Microsoft says yes, on conditions. Your organization must allow external sharing. The person needs a guest account in your tenant, and you must name the person in the share dialog. The person then signs in with the guest account, and the page opens in Loop. In Display, you invite the person by email to a page or a folder, and give them a role: Viewer, Commenter, Contributor or Editor. They sign in with a one-time password, Google or Microsoft. They do not join your organization.
Microsoft's help pages describe pages that start in Copilot Chat, and agents inside Copilot can update a page. We found no statement that an agent outside Copilot can make a Copilot Page. Microsoft has an MCP server for Microsoft 365 data, and its documentation does not name Copilot Pages. Display takes pages from any agent that writes HTML or Markdown, for example Claude Code, Claude, ChatGPT, Codex and Cursor. Agents connect through the Display MCP server, the CLI or the API.
Copilot Pages works with Microsoft Purview, for example eDiscovery, retention policies and sensitivity labels. Display does not connect to Purview. In Display, a new page is private by default. You can share it with people and groups, open it to everyone in your company, or make it public. People sign in with Google, Microsoft or a one-time password before a private or company page opens. The Business plan keeps audit logs for 365 days. We do not use customer content to train or fine-tune any AI or machine-learning model.
In Copilot Pages, yes, with live editing and shared cursors. In Display, one person edits at a time. People with edit access select Edit and change the page in the browser. Each save or publish adds a new version at the same URL. Real-time co-editing is on the Display roadmap as Planned, with no date.
Display has no agent for Microsoft 365 Copilot today. The roadmap lists that agent as Planned, with no date. Agents that publish to Display today include Claude Code, Claude, ChatGPT, Codex and Cursor. You can keep the pages that you made in Copilot Pages where they are.
No. “Open” means three things. Any agent can publish to Display. Anyone you choose can open a page without a seat. You can download the source file of any page at any time.
Invite a client by email. The client opens the page with a one-time password. Display works with Claude, ChatGPT, Cursor and any other agent that writes HTML or Markdown. The Free plan costs $0.
No card required · Unlimited viewers