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New report reveals lack of profit for majority of subscription-based mobile apps

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The “State of Subscription Apps” report offers a bird’s-eye view into the subscription app universe, as RevenueCat has nearly 30,000 apps using its platform’s tools to manage their monetization. Outside of Apple and Google, that makes RevenueCat the largest collection of subscription app developers on one platform. For instance, 59% of the apps that reach $1,000 will go on to reach $2,500 and 60% of the apps that reach $2,500 will make it to $5,000. The report highlights other aspects of the race to subscription app monetization, as well, including that North America-based apps have 4x the monetization of the global average. The larger report gets into more specifics that will be useful to subscription app developers, including details about subscription packages, pricing, trial strategies, conversion, refund rates, retention, growth, and more.

“Breaking Records: PadSplit’s Affordable Shared Housing Market Surpasses 10K+ Units”

Padsplit Team
“The largest portion of anyone’s income almost always goes toward housing costs,” founder and CEO Atticus LeBlanc told TechCrunch. “And if you look around, you know that housing costs are skyrocketing, as much as 40% in some markets. Most notably, active members have saved $2.6 million monthly and around $47.4 million in total savings generated. “The life-changing results speak for themselves… These incredible results have led PadSplit residents to purchase their own vehicles, traditional apartments, launch their own companies and buy their own homes,” added LeBlanc. PadSplit, meanwhile, reports that the average monthly cost to live in one of its units is $729.