We are reader supported. External links may earn us a commission.

General OS News

Spotify gains 30% paid subscribers in one year, falls short of expectations

By Anton D. Nagy July 31, 2019, 6:00 pm

Music streaming giant Spotify today reported a better-than-expected second quarter, with revenues rising to 1.50 billion euros ($1.67 billion). 90 percent of this revenue comes from its paid subscribers, which now account for 108 million users, up 30 percent from the year before, but still .5 million less than what analysts have predicted.

However, when it comes to monthly active users, Spotify managed to exceed expectations. Instead of the 227.7 million users predicted, Spotify now has 232 million monthly active users, which combines paid subscribers with those using the free/ad-supported version of the service.

Third quarter predictions mention anywhere between 240 million and 245 million monthly active users, but analysts predicted that the number would be reached at this particular point, at the end of Q2.

Latest Articles

Accessories

Best iPhone 13 MagSafe Accessories

Another year, and another new iPhone with MagSafe. If you haven't gotten yourself immersed in the various uses of the standard, read this article to learn about some of the best MagSafe accessories.

By Aryan Suren December 1, 2021, 11:15 am

Search