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Adjust Launches Subscription Tracking Product as Mobile Streaming and App Subscriptions Boom
Thursday, October 22, 2020

New survey commissioned by Adjust finds American consumers spend an average $20.78 a month on app subscriptions, with more than a third using their smartphones to stream video and TV services every day

SAN FRANCISCO, TOKYO and BERLIN, Oct. 14, 2020 /PRNewswire/ -- As the mobile app subscription business accelerates, Adjust today launches its new Subscription Tracking product to give marketers better visibility into subscription performance. This follows a broader shift toward subscription-based monetization models, with Apptopia estimates showing that app-based subscriptions generated over $200 million in August 2020 alone, and many US adults are planning to keep their subscriptions post-pandemic.

Adjust's Subscription Tracking product will enable marketers to build accurate Lifetime Value models that increase ROI. Previously, marketers were missing access to important subscription data, which impacted their understanding of the user funnel. By combining subscription measurement with attribution data, Adjust is able to inform its clients what marketing channels drive the longest-running and most valuable subscriptions. Marketers can then invest far more accurately in user acquisition and run engagement campaigns that boost loyalty and prevent churn.

"The growth of subscription-based apps has intensified this year as users look to their mobile devices for a broader array of activities, from entertainment and e-commerce to fitness and finance," said Paul H. Müller, co-founder and CTO of Adjust. "That's why we are excited to offer an industry-first solution that helps mobile marketers manage their consumers' subscription events and revenue, giving them a better understanding of how users engage with subscription models."

Adjust also released the results of a survey of US consumers examining the intensification of subscription and streaming consumption on mobile devices. The research shows that well over one-third (46.9%) used smartphones more to stream video/TV services amid social distancing, and they are increasingly doing so using subscription-based apps.

Other key findings include:

    --  Respondents spend an average $20.78 a month on their app subscriptions.
        More than a quarter of Millennials and Gen Z consumers said they have
        stopped paying for other services in order to buy subscriptions on
        mobile app services (for example, subscribing to fitness apps over going
        to the gym). This compares to 17.9% of consumers overall.
    --  25 - 34 year olds spend the most on subscription apps -- $25.85 dollars
        a month -- while those 55 and over spend the least -- $13.97 a month.
        Streaming apps were the most frequently downloaded subscription-based
        app (30.7%), followed by Gaming (9%) and News (4%).
    --  Younger consumers lead the pack in mobile streaming, with Gen Z and
        Millennials  most likely to pay for streaming and on-demand
        entertainment services than any other generation. 57.2% of Millennials
        and Gen Z also said they had been using their smartphones more often to
        stream video/TV services while social distancing.
    --  Consumers surveyed spend an average $33.58 a month for streaming and
        on-demand entertainment services, with Netflix, Amazon Prime, Hulu,
        Disney+ and YouTube TV listed as respondents' top five favorite
        streaming services.

With the popularity of app subscriptions surging, Adjust is the only mobile measurement provider that offers complete visibility into subscription events, without the need to work across multiple dashboards or undergo complicated integrations. The launch forms part of the company's wider mission to make marketing simpler, smarter and more secure for the 40,000 apps working with the Adjust platform.

About the Survey

The survey was conducted by Censuswide on behalf of Adjust using a nationally representative sample of 1,003 TV/streaming customers, aged 16 to 60, in the US between September 23 and September 29, 2020.

About Adjust

Adjust is a global app marketing platform. Born at the heart of the mobile app economy and grown out of a passion for technology, the company now has 16 offices around the world.

Adjust's platform includes measurement, fraud prevention, cybersecurity and marketing automation products. Together, they make marketing simpler, smarter and more secure for the 40,000 apps working with Adjust. Global leading brands including Procter & Gamble, Rocket Internet and Tencent Games have implemented its solutions to secure their budgets and improve results.

Infographic - https://mma.prnewswire.com/media/1311226/Adjust_Infographic.jpg

Contact:
Joshua Grandy
Communications Manager, U.S.
Email: pr@adjust.com
Phone: +1 484 683 5929

View original content to download multimedia:http://www.prnewswire.com/news-releases/adjust-launches-subscription-tracking-product-as-mobile-streaming-and-app-subscriptions-boom-301150819.html

SOURCE Adjust GmbH



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