TikTok reaches its third consecutive quarter as the highest-earning app

TikTok has become a real hit with people all over the world, becoming one of the largest apps in the world, with a turnover as big as its success. According to the Sensor Tower report, TikTok hit its third consecutive quarter as the app that generated the most revenue from consumer spending.

The result is surprising as the entire market is experiencing a decline. However, it is important to note that the revenue considered in the report is the cross between the results of TikTok and Douyin, its Chinese version.

Combining the amounts spent on TikTok and Douyin on Google Play and the App Store, the apps moved about $ 914.4 million, about R $ 4.9 billion, this quarter. It is estimated that 47% of this revenue comes from Douyin alone.

Sensor Tower’s report points out that TikTok is the highest-earning app without considering gaming apps. In these circumstances, on Google Play, TikTok is second only to Google One, the subscription service of the tech giant.

TikTok will remain at the top of the app store download list, says the author of a book on the social network

The book “TikTok Boom”, by British journalist Chris Stokel-Walker, tells the story of the social network that has become a real “fever” among teenagers around the world and which is now consolidating itself as one of the largest platforms in the world.

The book talks about the early days of the social network in China until its merger with Musical.ly and the challenges the owner of TikTok ByteDance faced while trying to develop the app, which was tested with news, memes. and music, even in the short video format.

Click here to learn more about the book that tells the story of TikTok.

The TikTok post reaches its third consecutive quarter when the highest-earning app first appeared on Olhar Digital.

Source: Olhar Digital