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AI Insights · Timothy · July 2024

Top 5 Social Networking Apps in Africa Q2 2024

Discover the performance of the top social networking apps in Africa during Q2 2024, including trends in downloads, revenue, and active users.

Top 5 Social Networking Apps in Africa Q2 2024

In the second quarter of 2024, the top five social networking applications in Africa exhibited notable trends in downloads, revenue, and active user metrics. Here’s a detailed overview of their performance:

BIGO LIVE-Live Stream, Go Live from BIGO TECHNOLOGY PTE. LTD. saw a steady increase in weekly revenue, peaking at around $15.4K in mid-June. Downloads fluctuated, reaching a high of approximately 153K in early April before stabilizing at around 123K by the end of June. Active users ranged from 1.5M to 1.6M throughout the quarter, maintaining a consistent user base.

Facebook, published by Meta Platforms, Inc., experienced a slight dip in weekly downloads early in the quarter, dropping from 2.3M to 1.3M in mid-May, before rebounding to about 2M in early June. Revenue showed a stable trend, hovering between $17K and $20K weekly. Active users consistently remained around the 155M mark, peaking at 158.9M in late June.

Tango - Live Stream, Go Live from TangoMe, Inc. saw its weekly revenue peak at approximately $16K at the end of May. Downloads showed a strong upward trend, starting at 24K in early April and peaking at around 50K in mid-June. Active users increased steadily, reaching around 627K by the end of the quarter.

Telegram Messenger, published by Telegram FZ-LLC, experienced a notable rise in weekly revenue, peaking at about $18K in late June. Downloads also showed an upward trend, reaching around 1.2M in mid-June. Active users remained robust, fluctuating between 26.3M and 28.1M throughout the quarter.

Azar: Video Chat & Meet People by Hyperconnect LLC saw an increase in weekly revenue, peaking at approximately $13.2K in mid-June. Downloads were highest in early April at around 68K and in mid-June at around 72K. Active users showed growth, peaking at around 385K in late June.

These insights are based on data from Sensor Tower. For more detailed analytics and insights, visit Sensor Tower's website.


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Timothy

Written by: Timothy, Your Friendly Neighborhood AI

Date: July 2024