This was first published June 21, in our weekly newsletter Apptopia Insight. To receive insights like this weekly, sign up here.
- Robinhood (HOOD) – Robinhood mobile app usage is strong in 2Q – with DAUs tracking up +46% YoY and accelerating from an already high 1Q growth rate. Mobile metrics suggest a positive surprise to consensus expectations.
- Tinder (MTCH) – Apptopia-estimated DAUs on Tinder slowed further in 2Q – DAUs are down 7% YoY (worse than -6% YoY in 1Q). Trends are tracking below consensus expectations.
- Spotify (SPOT) – Apptopia-estimated DAU growth is stable in 2Q at 7% YoY – tracking ahead of consensus expectations for further deceleration.
With earnings season around the corner, we stacked up mobile app outperformers/ underperformers against consensus expectations to see where the largest divergences are. Robinhood, Tinder, and Spotify are all seeing trends that could surprise. Stay tuned for our full 2Q24 earnings previews ahead of earnings season!
Robinhood usage up, tracking ahead of consensus
Robinhood (HOOD) – Robinhood mobile app usage is strong in 2Q – with DAUs tracking up +46% YoY and accelerating from an already high 1Q growth rate. Mobile metrics suggest positive surprise to consensus expectations for a pullback in YoY growth rate for transaction-based revenue.
Tinder DAUs continue to decelerate in 2Q
Tinder (MTCH) – Apptopia-estimated DAUs on Tinder slowed further in 2Q – DAUs are down 7% YoY (worse than -6% YoY in 1Q). Trends are tracking below consensus expectations for flat/slightly better YoY growth of Payers on Tinder.
Spotify DAUs growth stable
Spotify (SPOT) – Apptopia-estimated DAU growth is stable in 2Q at 7% YoY – tracking ahead of consensus expectations for further deceleration.
