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Spotivay's investment efforts in the podcast market seem to be paying off: in the last quarter, the number of users increased by 31%, reaching 8 million additional users this quarter. One million paying subscribers, including those who use it for free for a trial period of three months, if we …
SputePay's efforts to invest in the podcast market seem to be paying off: in the last quarter, its users grew by 31%, reaching 8 million new users added to the platform during the quarter.
Spotivay has a total of 108 million paid subscribers, while its closest rival, Apple, has 60 million paying subscribers, including those who use it for free during a trial period three months.
If we want to draw a clear picture of the reality of competition between the two companies, Spotivay was able to attract this year more paying subscribers than Apple. In the last few months and up to the present day of 2019, Spotivay has received 12 million paying subscribers, compared to 10 million subscribers to Apple's music service.
Apple's service has grown rapidly since its launch nearly four years ago, but increased competition between the two parties has spurred Sputivay to sue Apple for abusing its competitive position by controlling the App Store.
Became a public limited company, SPOTIVAY was forced to disclose its financial results In the second quarter, total revenues amounted to 1.86 billion dollars, up 31% over the same period of the year. 39, the previous year and slightly higher than the expectations of badysts.
That was the total revenue, but its net profit is still a loss of about $ 84 million, which is lower than that of $ 158 million in the first quarter and significantly lower than the $ 439 million the same quarter of the previous year.
Sootivay has 108 million paid subscribers, but the total number of monthly subscribers, including freebies, increased from 180 million to 232 million, up 29%.
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