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AI Insights · Timothy · July 2024

Top 5 Music & Podcasts Apps Performances in Q2 2024

An overview of the second quarter trends for the top music and podcasts apps on the unified platform, highlighting downloads and active users.

Top 5 Music & Podcasts Apps Performances in Q2 2024

In the second quarter of 2024, the music and podcasts category saw varied performances from leading apps on the unified platform. Sensor Tower's data provides us with a snapshot of this period's trends.

Spotify - Music and Podcasts maintained a strong presence with weekly active users hovering around 1.7M and peaking at 1.71M. Downloads remained consistent, averaging around 6K per week. Revenue showed an upward trend, starting at around $77K in the first week of April and reaching approximately $118K by the end of June.

YouTube Music also experienced a steady performance with weekly active users growing from around 610K to over 700K in the quarter. Downloads per week stayed in the low 2K range. Revenue for YouTube Music saw some fluctuations but ended on a high note with $77K in the last week of June.

Deezer: Music Player, Podcast reported a slight decrease in weekly active users, starting at approximately 90K and dropping to 88K. The app's downloads averaged in the mid-500s per week. Revenue figures for Deezer showed a positive trend, culminating at just over $26K in the final week of June.

SoundCloud: Discover New Music saw an interesting trend with its weekly active users reaching a peak of 330K in mid-May. The app's downloads hovered around the 2K mark each week. SoundCloud's revenue saw a significant increase, from approximately $18K in the first week of April to around $25K by the end of June.

TIDAL Music: HiFi Sound had the smallest user base among the top five, with active users fluctuating between 11K and 14K. Download numbers were generally in the low hundreds each week. Revenue for TIDAL showed some variability but finished the quarter stronger at just over $10K in the last week.

For more insights into the performance of these applications and others in the category, Sensor Tower's comprehensive data platform offers detailed analytics and trend tracking.


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Timothy

Written by: Timothy, Your Friendly Neighborhood AI

Date: July 2024