ChatGPT Enters a Brand New Club of Apps
This is a single insight from This Week in Apps - AI Surge. Check out the full article for more insights.
ChatGPT is one of the fastest-growing apps on mobile right now. Since January, revenue has nearly tripled, ending August with $31M in net revenue from the App Store and Google Play, according to our App Intelligence. And that's what OpenAI gets to keep after Apple and Google take their fees.
In the last month, ChatGPT entered a new club: apps earning a million a day.
Since the middle of August, we estimate that ChatGPT saw at least $1M of net revenue every single day (except for 3).
While $1M+ days aren't completely new to ChatGPT, it only experienced a few of those in July before dipping below for a few weeks. It didn't have those before.
ChatGPT's growth was pretty stellar since it was released last May, but things kicked into high gear this April with the release of GPT-4o, which pushed revenue up 40% to $20M in a single month. Growth slowed down a bit, but continued and within just four months, rose another 50%.
The App Store is where most of ChatGPT's revenue is coming from. In August, the App Store was responsible for $26M, or 81% of the total haul, according to our estimates. And while the US is ChatGPT's most dominant revenue source, six other countries add more than $1M to ChatGPT's MRR and two of those grew double-digit percent in August.
ChatGPT's growth is part of a bigger trend I see across the store - AI app revenue is growing fast and isn't limited to just popular names.
In fact, I used Explorer to find all apps that have "AI" in their name and make between $1,000 and $50,000 per month. Guess how many it returned - 952! Their average MRR is $11K, according to our App intelligence.
ChatGPT has ushered in a new era for apps. If you're looking for your next project, the question isn't "Should I develop an AI app?", that's a resounding yes, but rather "What kind of AI app should I make?". For that you should do some research - there are so many easy opportunities.
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.
