Video dominates mobile app revenue, according to a new report. Of the total $3.8B smartphone owners spent on entertainment apps last quarter, three billion of it was spent on streaming and short video apps.
The most dramatic growth in earnings was seen in short video apps, with TikTok coins credited with generating the bulk of this money …
Video streaming apps led by Max
Analytics company AppFigures shared the data in its latest streaming app report, noting the sharp rise in video streaming in the past five years.
“Boosted by the continued growth of Disney+, Peacock, and Paramount+ along with the soaring growth of Max, quarterly consumer spending in video streaming apps on mobile is 383% greater now than it was in the first quarter of 2019.
Max is the leading video streaming app in the US, beating every other competitor on both new downloads and in-app revenue. According to our estimates, the Max app was downloaded 6.4M times from the App Store and…”
Source 9to5mac.com