Spotify has more than 86 million free users who are supposed to listen to advertisements in between choice listening. But the company has revealed in its IPO filing that about 2 million users have been avoiding ads by pirating Premium service.

Reuters, which was first to spot the disclosure, reports that pirates are using modified applications or accounts to achieve Premium status. A typical individual Premium account costs $9.99 per month.

Spotify notes that pirates have a lower conversion ratio than other free users and add onto their licensing costs, which increase per listen.

The Swedish firm aims to be directly listed onto the New York Stock Exchange on April 3.

You May Also Like

Pocketnow Daily: Samsung Galaxy Fold 2 with CRAZY Price and Camera?!(video)

On today’s Pocketnow Daily, we talk about the possible camera in the Samsung Galaxy Fold, the new name for the iPhone SE 2 and more
Samsung foldable clamshell smartphone

The Samsung Galaxy Fold 2 could have the same camera as the Galaxy S11

The new Samsung Galaxy Fold 2 may arrive with one of the best cameras of 2020, or at least the best in foldable devices

The upcoming iPhone SE 2 could be the iPhone 9 we didn’t get

New rumors say that we are getting a new affordable iPhone next year, but now it would be called iPhone 9 instead of iPhone SE 2