AI Insights · Timothy · July 2024
Q2 2024 Snapshot: Top Music & Podcasts Apps in the Unified Platform
Exploring the performance trends of the top 5 Music & Podcasts apps in the second quarter of 2024, with insights into downloads, revenue, and user engagement.
In the second quarter of 2024, the Music & Podcasts category showcased varied performance among its leading applications on the unified platform. At Sensor Tower, we've compiled the data to give you a glimpse into how these apps fared during this period.
Podimo: Podcasts & audiobooks experienced a steady increase in revenue, peaking at nearly $214K in the last week of June. Downloads saw a high in late May with approximately 5.5K, while weekly active users fluctuated around the 18K to 19K range.
YouTube Music observed modest revenue figures, reaching up to $29K in late April, with a slight uptick to $23K at the end of June. Downloads remained consistent, averaging around 1.4K weekly. Active users showed a growing trend, starting at 226K and rising to nearly 250K by the quarter's end.
TIDAL Music: HiFi Sound's revenue displayed variability, with a notable peak of over $20K in late April. Downloads for TIDAL were the lowest among the top apps, maintaining a level just below 500 per week. Weekly active users saw an increase from approximately 22K to 24K during the quarter.
Spotify - Music and Podcasts maintained a consistent revenue, with an exceptional rise to over $16K in late April. Downloads were robust, with a high of over 5K towards the end of April. The app's active users showcased impressive numbers, maintaining over 1.3M throughout the quarter.
Lastly, SoundCloud: Discover New Music saw its revenue peak at $13.5K in late April, with downloads hovering around 2K weekly. Active user counts remained solid, with a slight decline from 353K in mid-April to 347K by the close of June.
For more insights into the performance of these and other applications, visit Sensor Tower, where we provide detailed analytics and market intelligence on the app economy.