Spotify just released its first earnings report as a public company, and it contains an updated look at how many people are using the music service. In all, Spotify has 170 million monthly active users and 75 million paid subscribers. That latter total is up from the 71 million marker where Spotify ended Q4. By contrast, Apple Music recently crossed 40 million subscribers. There are now 99 million people listening to Spotify through its ad-supporter free tier. Spotify’s revenue (€1.14 billion) was in line with expectations.
Premium subscribers will jump up to somewhere between 79 and 83 million users by the end of the next quarter, according to Spotify’s earnings outlook. And the company’s prediction for how it’ll fare through the rest...
from The Verge - All Posts https://ift.tt/2HKYMaA
via IFTTT
EmoticonEmoticon