The number of paying Spotify subscribers rose from 2019 to 108 million in the second quarter, an increase of 31% compared to one year ago. That appears from Numbers that the streaming service has published today.
Spotify's monthly active listeners rose to 232 million, an increase of 29 percent year-on-year. The company's turnover rose to more than 1,5 billion euros, while the operating loss amounted to “only” 3 million euros. That is a considerable improvement on the loss in the same period a year earlier, which then amounted to 90 million euros.
Spotify itself expects to have between 120 million and 125 million subscribers for the premium service at the end of the year. By then the service may also be profitable.