Are apps still making money? Why yes, yes they do! I crunched the numbers and rounded up the top 10 highest earning apps in the US by store and combined so you can see just how much money is going around.
TikTok was the highest-earning app in the US in April. Shocker (that's sarcasm, btw). TikTok's revenue continues a massive growth sprout that started in late 2021 and hasn't stopped yet. It brought in $56M of net revenue in April from the US, according to our estimates.
HBO Max and YouTube tied for second place, both earning $47M of net revenue according to our estimates, a serious win for HBO Max considering rival Disney+ earned about a half of that and only got to fifth place on this list.
One name that's been an invisible staple of this list got pushed out in April. Can you guess who? BIGO Live. Indeed snagged the last place with seriously massive revenue growth (which I looked at in more detail in episode 106), which added $12M of net revenue to its bottom line from the US in April, according to our estimates.
Will BIGO come back next month? Considering Twitch is no longer even close, I have a feeling it may not. We'll have to wait and see.
Together, the highest earners brought in $316M of net revenue from the US in April, which is roughly on par with March. Considering the list is nearly identical, that isn't a surprise.
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