SensorTowerSensorTower

Social Apps Need 260,000 Downloads to Rank at No. 1 in Europe, Down 30% from 2019

Dec 26, 2022·3 min read

Summary

According to Sensor Tower's State of Social Apps in Europe report, the number of daily downloads needed to rank No.1 in Europe has decreased 30% compared to Q3 2019, and 53% from the pandemic peak in Q2 2020. European consumer spending on social apps reached a record $830 million in the first 10 months of 2022, an 86% increase year-over-year. TikTok, LinkedIn, and Twitch accounted for 77% of all social app revenue from in-app purchases.

TikTok's revenue surged but slowed to 3% Q/Q growth in Q3 2022 vs 46% in Q3 2021. The rise of BeReal's dual-camera feature and time-sensitive notifications has influenced competitors, indicating a key trend for 2023.

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