From TechCrunch: According to newly released third-party data, TikTok has reason to dance.
The famous, short-video application saw its in-app purchase revenue rise 310% on a year-over-year basis according to Apptopia, a startup that tracks mobile app revenue and usage. (The Boston-based startup has raised $8.2 million to date and competes with AppAnnie.)
TikTok’s revenue gains are impressive in more than percentage terms. The popular social application’s in-app revenue is now at a material scale — topping $50 million according to a chart published by Apptopia’s Adam Blacker. And while the company’s year-over-year growth is rapid, its sequential gain from a Q3 in-app top line figure of around $20 million may be even more eye-popping.
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