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ChatGPT's mobile app just had its biggest month yet | TechCrunch

Aug 08, 2024 - news.bensbites.com
OpenAI's new GPT-4o "omni" model has significantly boosted the revenue of its ChatGPT app, with the mobile version recording its highest revenue month yet in July. The app generated $28 million in net revenue from the App Store and Google Play, with the App Store accounting for 83% of the revenue. This figure represents a 20% growth since June. The app's gross revenue before app store fees was $28.9 million in May, $34 million in June, and $39.9 million in July. The launch of the new model, which can handle text, speech, and video, led to a 40% increase in app revenue in May.

Appfigures, an app intelligence firm, estimates that the revenue generated in July resulted in the addition of 2 million new paying subscribers, setting a new record for the mobile app. The firm expects the growth to continue in the coming months, especially with the introduction of ChatGPT's new Advanced Voice Mode, which offers nearly real-time, realistic interactions.

Key takeaways:

  • OpenAI's new GPT-4o "omni" model has significantly increased the revenue of ChatGPT's app, with its biggest month of revenue being July, pulling in $28 million in net revenue from the App Store and Google Play.
  • The app saw the addition of 2 million new paying subscribers in July, setting a new record for the mobile app.
  • With the introduction of ChatGPT’s new Advanced Voice Mode, which offers nearly real-time, realistic interactions, further growth is expected in the coming months.
  • Despite a slight slowdown in growth since May, revenue continues to climb at a healthy pace, driven by demand for the new technology.
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