20 Month Old AI Chatbot App - $4.6k EBIT July 2024 - 13k Monthly Downloads in July

This AI chatbot app listed solely on iOS. This app, launched in January 2023, is designed to answer a wide range of questions, providing users with instant and accurate information. It uses Meta AI and Chat Gpt APIs for functionality for users.

The app boasts a 4.5 star rating and high user satisfaction. Since its launch, it has gained a significant user base due to its use of 2 models.

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• Achieved 7k MAU in July 2024 (opt-in only from 32% of users),
• Downloaded mostly by US users, with them contributing to >50% of the downloads
• Achieved record EBIT of $4.6k in July 2024
• Downloaded 13k times in July 2024
• Achieved $5.2k in proceeds in July 2024

Financial Performance & Metrics:

• Annual Proceeds: $25,367 LTM (July 2024)
• Download to Paying User Conversion Rate: 1.2% Average LTM (July 2024)
• Sessions Per Active Device: 17.08 LTM (July 2024)

Growth Potential:

• Acquire more users using ASO and Marketing
• Implement ad monetisation for free users
• Launch new subscription durations
• Enhance features based on user feedback.