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Data released by Spotify on Thursday (26) show that the service has reached 83 million subscribers worldwide. The result achieved the best prediction ever made by the company itself, leaving the streaming app relatively distant from second place, Apple Music – whose results revealed 40 million paying users in April.
Spotify also said that it had counted 180 million users who have "used the service at least once" over the last month, representing a 30% growth over at the same time last year.
Up to 88 million subscribers in September
In addition to publishing the updated numbers, Spotify will also be able to offer for free, also took advantage of the l '#' s. opportunity to make a new prognosis: the company expects to reach between 85 million and 88 million paying users by the end of September. As for the monthly active user base (including free services), the expectation should be between 188 million and 193 million people.
The current results represent a considerable recovery of the service, which had recorded operating losses of 394 million euros last year, with shares depreciated to 2.20 euros. In 2016, the negative results amounted to 188 million euros, with a decrease of 1.24 euro in the value of the papers. Recent figures, however, show a 4.9% increase in shares traded at $ 197.25.
Although Sportify remains the music streaming service with a larger base of users – subscribers and non-subscribers – Apple Music has shown higher growth rates in the United States. This is something that is particularly relevant, as the country remains the largest music market in the world.
Source: via Cnet
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