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In the third quarter of 2024, the music and audio app sector in South America showcased varying trends in downloads, revenue, and active user metrics. Here's a closer look at the top five apps in this category.
Spotify: Music and Podcasts from Spotify AB demonstrated impressive performance with weekly revenues peaking at approximately $127K towards the end of August. Downloads fluctuated throughout the quarter, starting at around 995K in early July and reaching over 1M mid-quarter. Active users remained robust, averaging around 68M, with a peak of nearly 70M in late September.
Deezer: Music & Podcast Player from Deezer Music maintained steady weekly revenues around $100K, peaking at $108K in the final week of the quarter. Downloads started strong at 78K in mid-July but gradually declined, ending September with approximately 46K. Active users showed a slight decrease from 3.7M to 3.4M throughout Q3.
Amazon Music: Songs & Podcasts by Amazon Mobile LLC recorded weekly revenues ranging between $37K and $44K. Downloads were highest at 78K in mid-July, with fluctuations leading to a close at 76K by the end of September. The app's active users remained relatively stable, with numbers oscillating around 1M.
TikTok Music from TikTok Pte. Ltd. saw weekly revenues varying between $26K and $38K. Downloads began the quarter at 12K and decreased to approximately 5.9K by the end of September. The active user base hovered around 550K, showing minor fluctuations.
Moises: The Musician's AI App by Moises Systems experienced a gradual increase in revenue, peaking at $36K at the end of September. Downloads were consistent, with a high of 48K in mid-August, and active users remained steady around 160K.
These insights, sourced from Sensor Tower, provide a comprehensive overview of the competitive landscape in the music and audio app market in South America during Q3 2024. For more detailed analysis and data, visit Sensor Tower.