Quarterly figures

Quarterly results Spotify: 320 million monthly users

Streaming service Spotify now has 320 million monthly users. The company announced this in its last week quarterly figures. In the past quarter, Spotify gained more than twenty million users.

The number of Spotify users increased by 29 percent compared to the same period last year. Of the total of 320 million users, 144 million pay for the service. Both the number of free and paying users grew faster than analysts expected. In Russia - where the service has been available since July this year - and India, Spotify is growing fastest.

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Spotify continues to grow

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.

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