ChatGPT’s mobile app had an outstanding month in September, with over 15.6 million downloads. This marked a new record for the app, highlighting its popularity among users. Not only did the app achieve remarkable download numbers, but it also generated impressive gross revenue, reaching a staggering $4.6 million in September.
Despite these impressive figures, there are signs that ChatGPT’s revenue growth is starting to slow down. In September, the growth rate dropped to 20%, a significant decrease compared to the previous months’ growth rates, which exceeded 30%. This slowdown suggests that ChatGPT may be reaching a saturation point, where the number of users willing to pay for the upgraded ChatGPT+ subscription service is plateauing.
It’s worth noting that while ChatGPT has achieved remarkable success, it is not the highest-earning AI app. A competitor named Ask AI generates more revenue, thanks to substantial ad spending. This indicates that there is tough competition in the AI app market, and ChatGPT will need to find new strategies to maintain its growth and revenue.
When considering the app’s net revenue, which takes into account Apple and Google’s share of in-app purchase revenues, ChatGPT’s net revenue in September was approximately $3.2 million. This shows that a significant portion of the gross revenue is shared with these platforms.
Both Google Play and the App Store played crucial roles in ChatGPT’s success. Google Play accounted for 9 million downloads in September, showcasing the app’s popularity among Android users. Meanwhile, the App Store recorded 6.6 million ChatGPT downloads in the same month, contributing to a total of 52.2 million downloads.
ChatGPT’s mobile app had an exceptional month in September, with record-breaking downloads and impressive gross revenue. However, the slowdown in revenue growth suggests that the app may be nearing its saturation point. To stay competitive in the AI app market, ChatGPT will need to adapt and find new ways to attract users and increase revenue.
