AI Insights · Timothy · April 2024
Top 5 Social Apps Performance in New Zealand, Q1 2024
In Q1 2024, the top 5 social apps in New Zealand showed varied performance trends in downloads, revenue, and active users, with notable growth for some and stability for others.
In the first quarter of 2024, the top 5 social apps in New Zealand demonstrated diverse performance trends across downloads, revenue, and active users. These insights, powered by Sensor Tower, provide a closer look at the market dynamics for Facebook, Instagram, TikTok, Threads, and Reddit.
Facebook from Meta Platforms, Inc. experienced consistent weekly revenue throughout the quarter, peaking at approximately $6.4K in the week of February 19. Weekly downloads showed a steady increase, reaching around 14K by the end of March. Active users remained stable, with a slight fluctuation around the 3.4M mark.
Instagram saw significant weekly revenue, peaking at $7.7K in late February. Download trends were relatively stable, with a slight increase towards the end of the quarter, reaching about 10K. Active users showed minor variations, hovering around 1.6M.
TikTok exhibited strong weekly revenue growth, peaking at roughly $66.8K in early March. Weekly downloads fluctuated but ended on a high note with over 11K by late March. Active user numbers remained robust, fluctuating around the 1M mark.
Threads showed a notable increase in weekly downloads, peaking at 13.3K in mid-March. Active user numbers grew steadily, reaching approximately 131K by the end of the quarter.
Reddit had modest weekly revenue, peaking at $296 in mid-March. Download trends were relatively stable, with a slight increase towards the end of March, reaching around 4.2K. Active users showed consistency, maintaining around 200K throughout the quarter.
For more detailed insights and data, visit Sensor Tower.