AI Insights · Timothy · October 2022
Top 5 Finance Apps Performance in the UK - Q3 2022
Discover the performance trends of the top 5 finance apps in the UK during Q3 2022, based on data from Sensor Tower.
The third quarter of 2022 saw varied performance among the top 5 finance apps in the United Kingdom. Below, we delve into the weekly downloads, revenue, and active user trends for each app.
QuickBooks Self-Employed experienced fluctuations in its weekly revenue, starting at approximately $60K and dipping to around $46K by mid-September before rebounding to $56K by the end of the quarter. Weekly downloads saw a peak in mid-July at about 2.8K, then declined to around 1.4K in mid-September, ending the quarter at 2.2K. Active users showed a downward trend from 14K in late June to about 10.7K in mid-September, with a slight increase to 12.5K by the end of the quarter.
Emma - Budget Planner Tracker maintained consistent weekly revenue, hovering around $14K to $17K throughout the quarter. Downloads fluctuated, starting at 10.5K in late June, dipping to 7.2K in early August, and rising to 11.5K by the end of September. Active users remained relatively stable, starting at approximately 132K and ending at 141K, with a notable peak of 145K in late August.
MileIQ: Mileage Tracker & Log saw its weekly revenue peak at around $7.9K in mid-July, with a low of $4.1K in late August, finally closing the quarter at approximately $5.9K. Downloads were relatively low, ranging from 1.5K in late June to about 600 in mid-August, and slightly recovering to 939 by the end of September. Active users showed minimal fluctuation, maintaining around 5K throughout the quarter.
ClearScore: Credit Score Check had a steady revenue stream, starting at $7.5K and ending at $4.6K by late September. Downloads were robust, beginning at 21K in late June, spiking to over 43K in late August, and stabilizing at around 20.5K by the end of the quarter. Active users saw significant peaks, with the highest at 350K in late August, ending September at 290K.
Xero Accounting for business showed consistent revenue, starting at $5.3K and peaking at $7.5K in early September, then stabilizing at around $5.1K by the end of the quarter. Downloads were steady, starting at 3K in late June and ending at 3.3K by late September. Active users remained stable, fluctuating slightly around 27K throughout the quarter, with a peak of 28.7K in late September.
These insights are based on data from Sensor Tower. For more detailed analysis, visit Sensor Tower's platform.
