Snapchat's Subscription Revenue Grew the Most in April
This is a single insight from This Week in Apps - Time for Something New. Check out the full article for more insights.
April is behind us which means it's time to check in on Snapchat's mobile revenue. I like to do that with big platforms that are predominantly monetizing with ads and recently started experimenting with in-app purchases.
That's why I've been following Twitter as well.
Although Snapchat's revenue growth is best described as "slow and steady", when I checked the numbers I noticed April was a good month for Snapchat.
And by "good" I mean the month with the most month-over-month growth since rolling out the in-app purchase.
According to our estimates, Snapchat ended April with $8.7M of net revenue from the App Store. That's what Snap gets to keep after giving Apple its share. And I'm focusing on Apple here because Google Play isn't contributing much yet.
Comparing this to March's total it's an increase of 13.7%. I wouldn't call it fast, but when we start looking back, revenue grew 11.7% in March and 11% in February, so I'm sure Snap is happy about that.
I keep coming back to this, but Snap is selling early access to features here and not anything exclusive or different so they're essentially selling status. It's nice, but in the current economic climate they need to offer more to grow faster.
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.
