ChatGPT mobile app revenue hit a record $4.58 million in September, but growth slowed down

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ChatGPT's mobile app was downloaded 15.6 million times in September 2023. Its total revenue reached a record $4.58 million, but analysts noted a slowdown in revenue growth.

Here's What We Know

According to Appfigures, ChatGPT's revenue has been growing at more than 30% in recent months. In September, that figure dropped to 20%.

This could signal the approaching saturation of an audience willing to pay for a ChatGPT Plus subscription. From June to August, the app's revenue grew from $2.1 million to $3.81 million.

Ask AI's main competitor, Ask AI, is still earning more through aggressive advertising. But its revenues are also declining.

ChatGPT's net profit net of app shop fees was about $3.2 million. The app has been installed 52.2 million times in total, most of all on Android.

The US remains the largest market, generating 60% of ChatGPT's revenue.

Source: TechCrunch