Thursday, June 15, 2017
Spotify Reports 140M Active Users
musicbusinessworldwide.com, the figure represents a 40M climb on the figure Daniel Ek announced this time last year – and is up by a very impressive 100M people compared to May 2014.
Spotify confirmed that it had surpassed 50M paying subscribers in March this year.
Spotify's operating loss widened in 2016 but revenue rose significantly, the company said in its annual financial statement, ahead of a possible stock market listing before the end of next year.
Meanwhile, Spotify has also confirmed that its advertising revenue grew by 50.3% in 2016 – which according to MBW’s calculations would total around $328+M.
The 40M jump in active users since June last year means that Spotify has been adding 3.3m a month over the past year.
Posted 3:34:00 AM