Consumers reduced their spending on mobile apps in the third quarter of 2022 by approximately 5%, but the social video app TikTok It just delivered another record quarter on this front. For the fourth consecutive quarter, TikTok continued its streak as the app that has generated the most revenue in a quarter.
These new findings, in a published report by Sensor Tower, convert to TikTok again in the highest grossing app in the world, even when the general market is experiencing a slight decline. However, the report combines revenue from TikTok with its Chinese version, known as douyin, so technically it's the revenue generated by the two apps offering the same short-form vertical video feature set, not one.
The overall application of TikTok together with douyin on iOS held the position as the highest-grossing non-game app on the App Store and Google Play combined, with approximately $ 914,4 million in consumer spending in the quarter.
In the App Store, TikTok was the #1 non-game and highest-grossing app while being #2 on Google Play, behind Google's own storage subscription service Google One, which brought in just over 330 million dollars in the quarter. To date, applications of TikTok y douyin have generated about $6.300 billion in total revenuesays the report.
