AI Insights · Timothy · April 2023
Top 5 Music and Audio Apps in Mexico: Q1 2023 Performance
The top 5 music and audio apps in Mexico showed varied performance in Q1 2023, with notable trends in downloads, revenue, and active users.
In the first quarter of 2023, the top 5 music and audio applications in Mexico demonstrated diverse trends in downloads, revenue, and active users. Here's an overview of their performance:
Spotify: Music and Podcasts saw a consistent increase in weekly revenue, peaking at around $33K in mid-February. Weekly downloads fluctuated slightly, starting at 415K in late December and closing the quarter at 356K. Active users exhibited a steady rise, reaching approximately 23M by the end of March.
Apple Music experienced a moderate revenue trend, peaking at $17.8K in mid-February but tapering to $11.3K by the end of March. Weekly downloads saw a gradual decline from 19K in late December to 15K in the last week of March. Active users remained relatively stable, fluctuating around 80K throughout the quarter.
Deezer: Music & Podcast Player showed a notable increase in weekly revenue, reaching approximately $21K in late February. Downloads peaked at 22K in the same period, while active users hovered around 800K, with a slight dip in mid-March.
StarMaker: Sing Karaoke Songs faced a decline in revenue, dropping from $8.4K in late December to $5.4K by the end of March. Downloads saw significant fluctuations, peaking at 158K in early February but plummeting to 14K towards the end of the quarter. Active users decreased from 357K in late December to 182K by the end of March.
Finally, Moises: The Musician's AI App experienced a steady increase in revenue, peaking at $4.7K in mid-March. Weekly downloads showed a significant upward trend, reaching 37.5K in the last week of March. Active users also saw a substantial rise, from 58K in late December to approximately 94K by the end of March.
These insights are based on data from Sensor Tower. For more detailed information, visit Sensor Tower's website.