ChatGPT has been on an astounding growth journey that hasn't slowed down even though local and international rivals stole the spotlight for a bit over the last few months.
Spotlight or not, ChatGPT's mobile revenue continued to rise in February and even set a new monthly all-time high.
I've been following ChatGPT's revenue ever since it launched back in 2023. Now, 22 months later, ChatGPT has reached a big milestone - $100M of consumer spending across the App Store and Google Play, according to Appfigures estimates.
That's the most the app has ever earned in a single month.
How fast did we get here?
Since its launch, we estimate that ChatGPT saw $725M of consumer spending mainly coming from the App Store, which drove 81% of that revenue. The US is ChatGPT's biggest driver of revenue across both stores and is responsible for 38% of App Store revenue and 27% of Google Play revenue.
Which means, there's so much more room for ChatGPT to expand.
Lots of companies are trying to take some of that growth. One of those is xAI with Grok, which has grown substantially since its release in February.
According to our estimates, Grok's first 30 days of monetization resulted in $2.7M of consumer spending in the App Store alone (because Grok hasn't fully launched on Google Play yet).
That's very similar to ChatGPT's growth begging for the obvious question: can Grok grow at the same rate as ChatGPT? Given where the market is right now - AI is no longer "new", there's lots of competition, and ChatGPT already exists - I think it'll be considerably harder for Grok to grow as fast. But that doesn't mean it won't.
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