ReelShort is a Streaming App That's a Solution Without a Problem

ReelShort is seeing a download surge right now and that's pushing it up the charts - #3 overall in the US App Store and #16 on Google Play.

Looking at its description, which mentions streaming bite-sized content, and its name, I immediately remembered I've seen an app like this before - Quibi.

Don't remember Quibi? I don't blame you...

Quibi was a new streaming app that launched right as lockdowns started in 2020 with a "novel" idea of short videos. The really well-produced kind though, not the TikTok kind. A lot of big names ran it and raised over a billion dollars for it.

It failed veeeeeery quickly. Is ReelShort a newer Quibi?

ReelShort mobile app download estimates

Quibi 2, I mean ReelShort, launched in August of 2022 and is, for all intents and purposes, a competitor to all other streamers. What it offers is very short episodes and a combination of premium and free (ad-supported) content.

ReelShort has managed to collect 11M downloads across the App Store and Google Play since launching, according to our App Intelligence.

The app has seen its highest spike in daily downloads over the last few weeks with Saturday being its biggest day of downloads. Our estimates show ReelShort made its way into 326K iPhones and Android devices on Saturday and 1.9M downloads since the beginning of November.

I did notice something important. When looking at the downloads by store, the App Store and Google Play had an almost even contribution to the total. This is normally a sign that the downloads are the result of increased demand but rather a paid ad campaign, and that's the case here.

Considering this is somewhat new and novel, it makes sense. The real question is - will it stick?

One way to answer this is to look at revenue.

ReelShort uses coins, its own in-app currency, to pay for premium content. This is pretty clever because once purchased, most users won't feel like they're really "paying" for content, making it easier to spend more money in the app.

That's not common for streaming apps.

ReelShort mobile app revenue estimates

Since its release, ReelShort brought in $22M of net revenue from the App Store and Google Play. Unlike downloads, most revenue is coming from the App Store. Like downloads, Wednesday was also the highest day of revenue for ReelShort with $459K of net revenue from the App Store and Google Play, according to our estimates.

And this is all net which is what ReelShort gets to take home after Apple and Google's fees.

It seems that the ads are working and people are actually engaging with the app enough to want the premium content. Compared to Quibi's numbers, ReelShort is monetizing much better at $2/downloads vs Quibi's $0.73/download.

Revenue per download isn't a good measure for stickiness at all, but more revenue makes it easier to produce more content, which is what's necessary to succeed these days. Even larger streamers are struggling with that.

Weekly News & Insights to Help Your App Win

Join 45,000+ developers, marketers, investors, and entrepreneurs who get smarter every week.


Related Resources

Insights
The #1 App in the US Hasn't Been Updated in 7 Years!

The most downloaded app in the US App Store right now is a coloring book that hasn't been updated in 7 years. And it loo...

Insights
Wrapped - Was the Most Downloaded App in the US Just a Scam?

An app catapulted to the top of the App Store last week and then disappeared abruptly. Fast risers aren't new, but abrup...