Spotify Has Almost 200 Million Active Users

Posted on November 1, 2018 by Paul Thurrott in Music + Videos, Spotify with 8 Comments

As part of its most recent quarterly earnings report, Spotify revealed that it now has 191 million monthly active users, up 28 percent year-over-year.

That figure, of course, includes both paid subscribers and free, ad-supported customers. But Spotify’s paid subscriber base is also up this quarter, to 87 million subscribers, an even more impressive gain of 40 percent YOY.

Spotify’s financials are showing signs of improvement, too: The firm posted a loss of just $6.8 million on revenues of $1.5 billion. The firm had previously lost hundreds of millions of dollars each quarter and billions of dollars over its lifetime.

That said, the current quarter may see another dip, financially: Starting today, Spotify is giving away a Google Home Mini to the primary account holder of every Family and Premium account. The deal lasts through the end of the year.

Looking ahead, Spotify expects to cross the 200 million active monthly user threshold this quarter. And it expects to have 93-96 million paid subscribers.

 

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