Quantcast
Radio Facts
Home » BLOG » Spotify Now Has 87 Million Paying Customers
Industry News

Spotify Now Has 87 Million Paying Customers

announced a 40% jump in paid subscribers this week

radiofacts.com

 

Big news for Spotify coming from its third quarter earnings results this week. The company has announced it now has 87 million paid subscribers, which is a 40% increase.

Spotify’s total number of users was also up, now standing at 191 million.

What’s next for Spotify?

“Growth continues to be healthy across our Family and Student plans, and the strong retention characteristics of this base continue to drive churn lower,” the company said this week.

The company is expecting its paid subscribers to continue growing.  They are projecting between 93 million and 96 million for the fourth quarter.  They are aiming for total monthly users to be between 199 million and 206 million.

Meanwhile, European users are leading the way for Spotify at 36%.   is at 31% and Latin American comes in at 22%.

Related posts

Ola Ray from Michael Jackson’s Thriller Video, Does Tribute (vid)

Kevin Ross

JOEY BADA$$ & PRO ERA RECORDS ANNOUNCE GLOBAL DISTRIBUTION & LABEL SERVICES DEAL WITH ADA WORLDWIDE

Tobi

PHOTOS + VIDEO: Music Midtown 2019 – Cardi B, Billie Eilish, Travis Scott, Panic! At The Disco, Vampire Weekend, Lizzo and more

Kevin Ross

BMI STAGE AT ONE MUSICFEST: Kodie Shane, Yung Baby Tate, Tayla Parx, Trinidad James, Lloyd and more

Kevin Ross

UNIVERSAL MUSIC PUBLISHING GROUP APPOINTS DAVID GRAY & WALTER JONES CO-HEADS, A&R

Kevin Ross

JENNIFER LOPEZ TO BE HONORED WITH THE IHEARTRADIO PREMIO CORAZÓN LATINO AWARD

Kevin Ross

Leave a Comment

2 Shares
Share
Tweet
Share
Pin2
WhatsApp