TikTok, the famous 15-second video-sharing app that was developed with the association of Musical.ly, acquired by ByteDance (A tech company based in China) is one of the fastest-growing social media apps in the Market (to be exact, on Google Play and App Store).
Apptopia, a mobile market intelligence platform that analyzes the usage and revenues of top apps, revealed mind-blowing stats regarding TikTok.
According to Apptopia, TikTok's in-app buying revenue is growing by 310% annually.
The chart published by Apptopia's Adam Blacker points out that the short video Application's in-app revenue (IAR) reached around $50 Million, making that quarter TikTok's best since the launch.
And since the company is showing exponential growth in yearly income, the Q3's in-app revenue could top previous quarter's progress.
Current quarterly revenue can allow the company to generate hundreds of millions of dollars yearly, can go public on its own and possibly provide financial assistance to its parent company.
SensorTower, another app store intelligence platform, also examines the usage and revenues of the Mobile apps unveils that TikTok's estimated in-app buying revenue for the fourth quarter to be $87 million (gross) that's ($62 million net) in the App Store and Google Play except for china.
The firm further estimated the yearly growth of TikTok at mind-boggling 521 percent.
Last year in September, TikTok became the most downloaded free application on the iOS and ranked on the top position on Google Play in October. And the combining stats of TikTok puts it on the third position in the world.
Read next: TikTok publishes first Transparency Report: US and India tops the content removal requests
Apptopia, a mobile market intelligence platform that analyzes the usage and revenues of top apps, revealed mind-blowing stats regarding TikTok.
According to Apptopia, TikTok's in-app buying revenue is growing by 310% annually.
The chart published by Apptopia's Adam Blacker points out that the short video Application's in-app revenue (IAR) reached around $50 Million, making that quarter TikTok's best since the launch.
And since the company is showing exponential growth in yearly income, the Q3's in-app revenue could top previous quarter's progress.
Current quarterly revenue can allow the company to generate hundreds of millions of dollars yearly, can go public on its own and possibly provide financial assistance to its parent company.
SensorTower, another app store intelligence platform, also examines the usage and revenues of the Mobile apps unveils that TikTok's estimated in-app buying revenue for the fourth quarter to be $87 million (gross) that's ($62 million net) in the App Store and Google Play except for china.
The firm further estimated the yearly growth of TikTok at mind-boggling 521 percent.
Last year in September, TikTok became the most downloaded free application on the iOS and ranked on the top position on Google Play in October. And the combining stats of TikTok puts it on the third position in the world.
Read next: TikTok publishes first Transparency Report: US and India tops the content removal requests
