Start the conversation on optimizing monetization strategies (In-App Purchases and Ad Revenue). Connect with monetization experts who are leading industries with the right ad mix and diversifying their revenue streams to protect and grow their overall revenue.
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TikTok continues to redefine what’s possible in mobile monetization. In Q1 2023, TikTok became the first app to ever surpass $1 billion in consumer spend in a single quarter. Honor of Kings, a game and the second best app, earned $570 million in global consumer spend across iOS and Google Play, while YouTube rounded out the top three with more than $530 million. Consumer spend totals alone do not reveal how much of a unicorn TikTok is in terms of in-app purchases. While nearly 70% of in-app purchase spending in non-game apps comes from subscriptions, TikTok bucks this trend by relying on one-time purchases (typically more popular among gaming) to gift to their favorite streamers. TikTok is the only non-gaming title among the top 10 by one-time purchase revenue in the United States, leading hit games like Candy Crush Saga, Roblox and Pokémon GO. The social video giant has built a large and loyal fan base, allowing it to forgo the reliability of the subscription model and instead rake in
In data.ai’s Insider Tips report, we outline just how vital Total App Revenue is for your app in our five Insider Tips.Learn everything from optimizing your ad networks to strategizing for your genre by digging into your competitor’s successes. And discover how two leading brands (Voodoo and Badoo) implemented winning monetization strategies based on ad revenue and IAP.Total App Revenue empowers you to identify the revenue streams making up the $500 billion mobile economy.Check out the latest report to see how you can anticipate your competitor’s monetization plan (before they do) – and your app can be more profitable than ever.
Have you read the State of App Revenue 2023 Report yet? Our team at data.ai is thrilled to share our latest app revenue report revealing never-before-seen insights into the complete picture of mobile monetization!READ THE BLOG POST HERE. ----------------------------- The app economy is worth ~ $500 billion, of which $336B (67%) comes from advertising and $167B (33%) from in-app purchases. Apps including Instagram and TikTok captured roughly 65% of this advertising spend, while games snagged 35%. This is the opposite of the dynamic seen with in-app purchases, where games account for the majority of app store consumer spend at 66%, while apps capture the smaller portion at 34%. Mobile advertising spend is not only a bigger chunk of the total revenue, but it also grew much faster at 14% YoY in 2022 despite significant headwinds such as General Data Protection Regulation (GDPR) in Europe and Apple’s App Tracking Transparency. App store consumer spend on the other hand decreased slightly in
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