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TikTok breaks records as top grossing app in Q3, as overall app store revenue declines

TechCrunch LogoTechCrunch1 mo ago

TikTok breaks records as top grossing app in Q3, as overall app store revenue declines - TechCrunch

Quick Summary:

Consumers reduced their mobile app spending in the third quarter of 2022 by roughly 5%, but the social video app TikTok just delivered another record-breaking quarter on this front.

For the fourth straight quarter in a row, TikTok continued its streak as the app that has ever generated the most revenue in a quarter.

Reached for comment, Sensor Tower explained that Douyin alone had generated approximately $433.5 million in consumer spending, or about 47% of that total.


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TikTok breaks records as top grossing app in Q3, as overall app store revenue declines - TechCrunch (Picture 1)TikTok breaks records as top grossing app in Q3, as overall app store revenue declines - TechCrunch (Picture 2)TikTok breaks records as top grossing app in Q3, as overall app store revenue declines - TechCrunch (Picture 3)

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Article Details

Author / Journalist: Sarah Perez

Category: Technology

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 17:55:10 (1 months ago)

News Timezone: GMT -5:00

Ranking: #1928 (out of 3350 stories this day)

News Source URL: techcrunch.com

Language: English

Article Length: 512 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 624303

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