Next Steps:

Step 1: Normalize Revenue by Retained Users

Continue monitoring average revenue per retained user to determine whether revenue growth is driven by user expansion or spending concentration

Step 2: Expand Geographic Segmentation

Extend country-level analysis beyond early retention to include revenue behavior, identifying markets with stronger monetization potential

Step 3: Investigate Revenue Concentration

Examine cohorts exhibiting high revenue retention despite low user retention to assess dependence on a small number of high-value customers.

Step 4: Finer Lifecycle Analysis

Complement monthly cohorts with weekly retention analysis to better capture early churn dynamics and on-boarding effectiveness.

Key Limitations: