Snapchat Hits New App Revenue Milestone in December

Ariel Ariel
1/20/23

This is a single insight from This Week in Apps - Lots of Upside Down. Check out the full article for more insights.


I looked at the revenue of Snapchat+, the in-app purchase Snap is using to (finally) monetize its app by offering early access to features + some customization options.

I still see this whole offering as a glorified way to pay to become a beta tester for Snapchat, but regardless of what I think, it seems to be working!

In its first month, Snapchat+ earned more than $6M of net revenue. Revenue dropped when renewal time came around, which is fairly normal for most apps, but has been climbing steadily since.

According to our estimates, December continued to see growth for Snapchat+, which has been on a positive trend since its first (and only) drop back in August.

In December, Snapchat+ posted its highest revenue in a single month and also the highest growth in a single month. In more absolute terms, December brought in more than $6.8M of net revenue and month-over-month growth of 22%. Last month, growth was 12%, and in months before it, the average was just 2%.

Clearly, Snapchat+ is working out for Snap, and given this trend, will probably be working even better in the future.

I see it as a great sign for app makers - if Snapchat can get its free users to pay, so can you!

App Intelligence for Everyone!

The insights in this report come right out of our App Intelligence platform, which offers access to download and revenue estimates, installed SDKs, and more! Learn more about the tools or schedule a demo with our team to get started.

Are you a Journalist? You can get access to our app and market intelligence for free through the Appfigures for Journalists program. Contact us for more details.

All figures included in this report are estimated. Unless specified otherwise, estimated revenue is always net, meaning it's the amount the developer earned after Apple and Google took their fee.


Related Resources

Competing with ChatGPT on Mobile is Harder Than Anthropic Thought
Insights
Competing with ChatGPT on Mobile is Harder Than Anthropic Thought

I think it's fair to say that ChatGPT is AI for many. Especially those not in tech. How can I say that so nonchalantly?...

Can Signal Survive the Latest Blow from Elon and Telegram?
Insights
Can Signal Survive the Latest Blow from Elon and Telegram?

Telegram decided to pick on Signal this week and Elon Musk took a stab at it too, and that led me to look at how the two...