Q2 2024 Performance of Top Music & Podcasts Apps in the US

In Q2 of 2024, the Music and Podcasts applications on the unified platform recorded notable trends in user engagement and financial performance. Sensor Tower provides a deeper dive into these trends, revealing an interesting landscape for these popular applications.

Shazam: Find Music & Concerts saw its weekly revenue rise from $9M at the start of April to $15M by the end of June. Downloads showed a peak of around 4.2M in mid-April, later stabilizing to just under 4M. Weekly active users fluctuated slightly but remained robust with a high of 197.5K in late April.

For Spotify: Music and Podcasts, revenue trends were initially strong, peaking at $2.25M in late April before experiencing a gradual decline to $1.8M by late June. Downloads remained fairly consistent, with a slight uptick to 3.6M in late June. Weekly active users showed a mid-quarter dip but recovered to 245K by the end of the quarter.

YouTube Music also displayed a positive revenue trajectory, starting at $3.9M and reaching nearly $5M by June's end. Downloads hovered around the 2.1M mark throughout the quarter. Active user counts were strong, with a notable increase to 269.4K in mid-June.

SoundCloud: Play Music & Songs experienced varied revenue performance, with a high of $303K in early April, and significant fluctuation throughout the quarter, ending at $244K. Downloads saw a peak of 1.4M in late May, while active users reached a high of 80K in mid-June.

Apple Music showed a modest revenue increase from $95K to $94K over the quarter. Downloads dipped to 313K in early June but saw a slight recovery to 415K by the quarter's end. Weekly active users had a low of 12K in early June but saw an increase to 12.8K later in the month.

These figures illustrate the dynamic nature of the Music and Podcasts app market. For more insights, Sensor Tower's comprehensive analysis is available for those looking to delve deeper into the data.