- Youtube generated $138 million in user spending to clinch the top spot said the report by app market monitor SensorTower.
- Tencent-backed photo editing tool Kwai came in second, followed by Chinese video sharing sensation TikTok in third.
For the second quarter in a row, Youtube is the world’s top-grossing app in the photo and video software category.
Youtube generated $138 million in user spending to clinch the top spot said the report by app market monitor SensorTower. Most of its revenue came from the US-based users which are 70 percent, followed by Japan and the Uk with 7 and 4 percent respectively. This shows a 220 percent growth in the revenue year-over-year, the further reports noted.
Tencent-backed photo editing tool Kwai came in second, followed by Chinese video sharing sensation TikTok in third.
Youtube was on top of the video and photo software category in the first quarter of 2019 also.
Kwai holds on to its 2nd spot, while TikTok rose one more position to secure the third place.
Source- SensorTower
“Our revenue estimates are from the App Store and Google Play worldwide between April 1, 2018, and June 30, 2019, and represent gross user spending,” SensorTower says about its revenue estimation process. “These rankings do not include app revenue from third-party Android stores.”
Here is the comparison by SensorTower of Quarter 1
Source- SensorTower
Although Netflix which was the top-grossing app across all the software categories in 2018 was not included in the video and photo category.
Last week, SensorTower reported that Google has generated $14.2 billion in revenue from the Play Store purchases as compared to $22.5 billion from Apple’s App Store.
Strangely, YouTube creators are not happy with the platform recently mostly due when it comes to the vague monetization policy.
A group of YouTubers earlier in the week started off a protest campaign named as FairTube, asking for more transparency on matters affecting monetization and views. The group also asked for more specific data about which parts of videos break the rules of the platform and human contact with whom they can discuss controversial decisions.
It remains to be seen if the effort will breed any changes for the better.
About YouTube
YouTube was started by three former PayPal employees-Chad Hurley, Steve Chen and Jawed Karim on February 2005. Google acquired the service in November 2006 for $1.65 billion USD. YouTube now operates as one of Google’s subsidiaries headquartered in San Bruno, California.
As of August 2018, the website is ranked as the second-most popular site in the world, according to Alexa Internet. As of May 2019, more than 500 hours of video content are uploaded to YouTube every minute.
