Leveraging HundredX’s proprietary listening methodology, we evaluate more than 230,000 pieces of feedback from real customer experiences across the country. We use that data for insights into customers’ future Usage Intent,1 changing demands for Streaming & Media brands, and which companies look to benefit most. Usage is correlated with share of time spent and retention, which can be a leading indicator of market share.
Usage intent reflects the percentage of customers who plan to use a specific brand during the next 12 months minus the percentage that plan to use less.
The Crowd tells us that they intend to use the following brands more.
HundredX measures sentiment toward a driver of customer satisfaction as the percentage of customers who say that factor is a reason they like the brand/product minus the percentage who say it is a reason they do not like it.
Spotify remains the market share leader. For the third quarter 2022, Spotify reported 195 million paid subscribers in the third quarter of 2022, up from 188 million paid or premium subscribers in the previous quarter and above expectations. Spotify’s Usage Intent has been pretty stable over the past year, rising slightly to 12% in November 2022. Spotify ranks #1 in Music Streaming for customer satisfaction with 13 of the 16 satisfaction drivers we track. Customers are most satisfied with Spotify’s Music Selection, Ease of Use, Sounds Quality, Personalization, Navigation, and App. One satisfied customer recently commented, “I personally use it for podcasts and I enjoy how easy it is to maneuver throughout the app.” Another mentioned, “Absolutely love Spotify and its wide selection of music choices. So easy to use across different devices, and I like how easy it is to share playlists and songs with friends.”
During recessionary periods, people tend to spend less money outside their homes, and more within, including home entertainment and media. We will monitor these brands as the economic environment continues to evolve for Usage Intent changes.
WeChat is a Chinese instant messaging, social media, and mobile payment app. First released in 2011, it became the world's largest standalone mobile app in 2018, with over 1.24 billion active users. Most users live in China, but its presence is worldwide. Usage intent rose to -4% in November 2022, up from -20% in September 2022. Customer satisfaction in the last three months rose the most with its Messaging (up 40%). A recent comment from a happy Asian customer, “So convenient to connect with family and friend all around the world.” Another customer who is not Asian shared, “I use this app to stay in touch with friends in China.”
The Crowd tells us that the overall outlook for usage intent for streaming and media businesses is mixed, with select brands that save users money, protect their privacy and doing a better job of connecting them to friends and family gaining market share. We continue to monitor trends within Streaming and Media for the changes that will emerge in 2023.
1
All metrics presented, including Net Usage Intent (Usage Intent), and Net Positive Percent / Sentiment
are presented on a trailing three-month basis, unless otherwise noted.
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