Spotify has come out on top in terms of revenue, active users, and downloads. And App Annie predicts Spotify will only widen the margin even further in the months to come.
Business Insider reportd this is not good news for Pandora, though the Oakland-based company maintained the top spot for most active users in the US (on iOS and Android).
Pandora's CEO Brian McAndrews recently implied that Spotify had an unsustainable business model, and was burning money in an attempt to build its user base. That strategy seems to be working for Spotify, at least in the short term.
Pandora has seen recent stock troubles after a $85.9 million loss last quarter seem to shake investor confidence.
Here is a chart of the top music streaming apps, compiled by App Annie:
No comments:
Post a Comment