AI Insights · Timothy · April 2023
Top 5 Music and Audio Apps in Australia Q1 2023 Performance
An overview of the performance of the top 5 music and audio applications on a unified platform in Australia for Q1 2023, highlighting trends in downloads, revenue, and active users.
In the first quarter of 2023, the top music and audio applications in Australia showcased notable trends in weekly downloads, revenue, and active users. Here's a closer look at how these apps performed:
Spotify: Music and Podcasts saw a consistent increase in weekly revenue, starting at around $32K at the end of December and peaking at approximately $82K by the end of March. Weekly downloads experienced a downward trend, beginning at 68.9K and gradually decreasing to 34K. Weekly active users slightly fluctuated, maintaining an average of around 6M throughout the quarter.
SoundCloud: Play Music & Songs showed a steady revenue stream, with weekly revenue fluctuating between $57K and $72K. Downloads remained relatively stable, averaging around 11K each week. Active users hovered close to 900K, with minor variations throughout the quarter.
Apple Music had a consistent revenue performance, ranging from $7K to $8K weekly. Downloads were fairly stable, fluctuating between 1.9K and 2.5K. Active users remained steady, with figures around 20K throughout the quarter.
Ultimate Guitar: Tabs & Chords saw revenue fluctuations, starting at $31K and varying throughout the quarter, ultimately ending at approximately $29K. Weekly downloads showed a slight downward trend, averaging around 3K. Active users remained stable, with a slight dip from 17K to around 16K.
Pocket FM: Audio Series experienced significant growth in revenue, increasing from $2.8K at the end of December to an impressive $14K by the end of March. Downloads exhibited a notable rise, starting at 1.4K and reaching 6.6K. Active users saw a substantial increase, growing from 3.9K to over 10K by the end of the quarter.
For more detailed insights and data, you can explore the Sensor Tower platform.