Despite its success, ChatGPT is not the largest AI app by revenue. A competitor, Ask AI, has seen higher revenues due to heavy ad spending. ChatGPT netted around $3.2 million in September after Apple and Google took their cut of the in-app purchase revenues. The app saw 15.6 million installs in September, bringing its lifetime total to 52.2 million. The U.S. is the largest market for the AI chatbot app, accounting for 60% of ChatGPT’s revenues.
Key takeaways:
- ChatGPT's mobile app continues to grow with a record 15.6 million downloads and nearly $4.6 million in gross revenue in September. However, its revenue growth has begun to slow down, dropping to 20% in September from over 30% in the previous months.
- The slowing revenue growth could indicate that ChatGPT is nearing saturation in terms of how many mobile users are willing to pay for the upgraded ChatGPT+ subscription service, which costs $19.99 per month.
- Despite its success, ChatGPT is not the largest AI app by revenue. A competitor, Ask AI, is making more due to heavy ad spending, with revenues peaking at $6.55 million in August.
- ChatGPT netted around $3.2 million in September after Apple and Google took their cut of the in-app purchase revenues. The U.S. is the largest market for the AI chatbot app, accounting for 60% of ChatGPT’s revenues.