Spotify hits 100 million paid subscribers
Months after adding several new regions of the world to its service area, Spotify is celebrating hitting 100 million paid subscribers.
In its first-quarter earnings report released on April 29, the Swedish company announced that it had surpassed 100 million paid subscribers at the end of March. This number remains well above its closest competitor, Apple Music, which reported 50 million subscribers at the end of 2018. The report also noted a 32-percent growth in subscribers and a 26-percent increase in total monthly active users, year over year.
Spotify added services in India, the Middle East, and North Africa earlier this year, growing its presence to 79 countries. While Spotify continues to dominate overall worldwide, Apple Music is still ahead of its biggest competitor in the United States with 28 million paid users reported in early April.
Read the full earnings report here.
H/T: CNet
Categories: News