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Thursday, 1 August 2019
YouTube is the world’s top-grossing video app with $138M in user spending
Google must be happy. YouTube is the world’s top-grossing app in the photo and video software category for a second quarter in a row. To clinch the top spot, YouTube generated $138 million in user spending, according to data from app market monitor SensorTower. US-based users accounted for nearly 70 percent of its revenue, followed by Japan and the UK with 7 and 4 percent respectively. This represents a 220-percent growth in revenue year-over-year, the report further notes. Tencent-backed photo editing tool Kwai came in second, followed by Chinese video sharing sensation TikTok in third. For what it’s worth, YouTube…
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