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

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.

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Anton D. Nagy
Anton is the Editor-in-Chief of Pocketnow. As publication leader, he aims to bring Pocketnow even closer to you. His vision is mainly focused on, and oriented towards, the audience. Anton’s ambition, adopted by the entire team, is to transform Pocketnow into a reference media outlet.