ChatGPT App Hits Record $40M Revenue in July 2024 Amid New User Surge
- OpenAI’s ChatGPT app earned $40 million in revenue in July 2024, with $28 million net income after platform fees.
- 83% of the revenue came from Apple’s App Store, a 20% increase from June 2024.
- The app saw 2 million new user registrations in July, driven by the introduction of the multimodal GPT-4o model.
The standout insight is that the multimodal GPT-4o model, introduced in May 2024, has significantly boosted user engagement, contributing to the app’s substantial revenue growth and increased user base.
Looking ahead, OpenAI plans to introduce a voice mode for the ChatGPT bot, potentially driving further growth. However, the company faces a legal challenge over the alleged unauthorized use of Scarlett Johansson’s voice, which could impact its reputation and future operations.
