Mon. Dec 23rd, 2024
Chatgpt's Mobile App Hit Record Revenue Of $4.58 Million Last

There’s some good news and some bad news when it comes to ChatGPT’s mobile efforts. On the positive side, AI chatbots continue to see an increase in app installs and revenue, with a new record of 15.6 million downloads across iOS and Android apps worldwide and nearly $4.6 million in total revenue in September. was established. However, according to new data from a market intelligence firm, app figure, revenue growth is now starting to slow. Revenue growth has been over 30% for the past few months (31% in July and 39% in August), but has slowed to 20% growth as of September.

The slowdown in revenue growth is due to the number of mobile users willing to pay for the upgraded ChatGPT+ subscription service, which offers faster response times, priority access, and a significantly higher in-app purchase of $19.99 per month. This could be the first sign that ChatGPT is nearing saturation. Peak hours and early access to new features and improvements. Subscriptions have been strong so far, with the mobile version of ChatGPT bringing in $2.1 million in total revenue in June, increasing to $2.74 million in July, $3.81 million in August, and the latest in September. It hit a record $4.58 million.

But surprisingly, ChatGPT is not the biggest AI app in terms of revenue. A competitor called Ask AI has made money thanks to heavy advertising spend, increasing from $6.48 million in May when ChatGPT Mobile launched to a peak of $6.55 million in August, according to data from Appfigures. ing. It decreased slightly in September to $5.51 million, but it’s still more than ChatGPT. Other competitors, such as Genie and AI Chat Smith, haven’t grown as much as Ask AI.

Of course, when you factor in Ask AI’s advertising costs, the net revenue may tell a different story. As for ChatGPT, it made about $3.2 million in profit in September after Apple and Google received a share of the revenue from in-app purchases.

In addition to the revenue record, ChatGPT recorded 15.6 million installs in September, bringing its lifetime total to 52.2 million, Appfigures estimates. Google Play led the way in downloads, accounting for 9 million in September, with the App Store accounting for the remaining 6.6 million.

But, unsurprisingly, the App Store is driving revenue, accounting for $3 million of total in-app purchases last month. The US is the largest market for AI chatbot apps, accounting for 60% of ChatGPT’s revenue.