Spotify Now Has 306 Million Premium Subscribers

As part of its latest quarterly earnings report, Spotify said that it has 306 million Premium subscribers and 788 million monthly active users (MAUs). Those are gains of 9 percent and 11 percent, respectively, year-over-year.

Spotify reported an operating income of €672 million on revenues of €5 billion. Those figures represent gains of 15 percent and 16 percent, respectively, YOY.

“Our business performed well in Q3,” Spotify said of the results. “The business added 11 million MAUs versus guidance of 11 million, while subscriber net additions of 6 million were 1 million ahead.”

In addition to the new milestones for Premium subscribers and MAUs, Spotify also reported that it now has 499 million ad-supported users, up 12 percent YOY. Spotify Premium subscribers contributed €4.5 billion in revenues, or about 90 percent of Spotify’s total revenues. Non-paying users added €482 million in revenues, or almost 10 percent.