TECH CRUNCH – Oct 11 – In the Q3 of 2019, consumer revenue grew 22.9% YOY from $17.9B to reach ~$21.9B across both the App Store and Google Play worldwide, according to new data from Sensor Tower. The App Store continues to account for the large majority of this revenue, making up 65% of total spending compared with just 35% on Google Play. App Store users spent $14.2B, up 22.3% from $11.6B in Q3 2018. Google Play generated $7.7B in revenue, up 24% from $6.2B in Q3 2018. Despite the overall growth, one big app market – China – saw a slight decline. Its installs dropped 6% YOY to 2.2B. But its revenue grew by 26.9% to $4.1B. This could be attributed to the nine-month game license freeze in China which, though now lifted, had slowed momentum. The top money-making (non-game) app in the quarter was again Tinder, which generated $233M in consumer spending, up 7% over the prior quarter. Netflix was No. 2 and YouTube clocked in at No. 3, at $164M in Q3.
