Periscope is Pulling Ahead of its Competitors in Live-streaming Apps

• Periscope’s live streaming video reaches nearly 2 million users daily.
• Periscope Now Has 10 Million Users Who Watch 21 Million Minutes a Day
• Periscope now has close to 2 million active users who check the live-streaming app everyday.

Periscope today revealed that it has crossed the 10-million-user threshold in just four and a half months since launching the app, a considerable achievement for a social-media idea—mobile live streaming—that was barely a “thing” until recently.

Though 2 million daily users isn’t a massive number, it appears Periscope has managed to keep its momentum going—and even accelerated in May when it released an Android app—which is more than its competitor Meerkat can say.

Periscope and Meerkat, considered the two breakout apps of 2015, started out neck and neck, but Periscope, benefiting from its association with Twitter, as well as its distribution on the social network, quickly pulled ahead and has continued racing forward.

 According to App Annie, Periscope was the eighth and ninth most popular social-networking app on Google Play and the App Store, respectively, yesterday (Aug. 11).

 That’s a major lead over Meerkat, which ranked 186 and 316 in the social-networking category on Android and iOS, respectively, on the same day. (Meerkat last reported 2 million users in May.)

 YouNow, which also lets users stream footage from their phones, hasn’t gotten nearly as much buzz as either company this year, but the four-year-old app has seen a slight lift in popularity from all the attention paid to live streaming. It ranked No. 21 and 20 on Android and iOS yesterday; a year ago it was at 34 and 23, respectively.

Periscope might be in the lead, but it’s important to remember that it’s only been around for a little over four months. “This is not a zero-sum game,” Josh Elman, a Greylock partner who has invested in Meerkat, told Quartz in April. “There’s so much opportunity here, it’s crazy.”