The video app TikTok reached $9 million in earnings from in-app purchases going by figures published by Sensor Tower. The rise made a 500% growth from 2018 when the ad spend was $1.5 million.
The findings point to the growth in the app to attract significant revenue.
In January of this year, the app earned $6 million with users spending 50% more than they did last year.
iOS users in China contributed the most to the $9 million recorded in may – 65%.
Meanwhile, in the US, App Store and Google Play users contributed $2 million. The most users of the app are from India, but the country accounted only for 0.5$ of the revenue recorded in May.
App installs went up 27% in the month with India accounting for 53% of new installs.
The app has faced a rebound because the government of India had a ban that cost it 15 million new users.
Meanwhile, app installs decreased by 20% in January.
The app is expected to exceed $100 million in revenue by June this year.