Spotify’s monthly user base soars to 515 million

[ad_1]

Spotify has hit its best numbers ever, reaching 515 million monthly active users for the first time as of March 31. The company’s CEO Daniel Ek shared that this is the audio streaming service’s strongest quarter since it first went public in 2018.

The news of Spotify’s growth to over half a billion users comes just months after Q4 losses(opens in a new tab) and significant layoffs in early 2023. In January, Ek announced that Spotify would fire six percent of its global workforce.

SEE ALSO:

Spotify hasn’t spent much of its $100 million diversity fund

Spotify’s user base increased 22 percent since last year, and 5 percent since last quarter. With 210 million subscribers among its 515 million monthly users, the company is considered to have the largest amount of paying subscribers compared to its competitors, per The Verge(opens in a new tab).

Apple Music, by comparison, is predicted reach 100 million subscribers(opens in a new tab) by 2025. At the end of 2022, YouTube shared it has 32 billion monthly users(opens in a new tab), but the platform is not catered solely to music.



[ad_2]
#Spotifys #monthly #user #base #soars #million

mrB

Related Posts

Marvel’s Blade Movie Delayed by Writer’s Strike

[ad_1] Marvel’s vampire hunter Blade is a fierce warrior but he may have finally met his match: labor unions. The upcoming, long-in-development reboot of the Marvel franchise…

How to Watch the Coronation of King Charles III Live

[ad_1] King Charles III officially shed his princedom when Queen Elizabeth II died, and the British royal’s new position will be formalized on May 6 in a coronation…

‘Quordle’ today: See each ‘Quordle’ answer and hints for May 6

[ad_1] If Quordle is a little too challenging today, you’ve come to the right place for hints. There aren’t just hints here, but the whole Quordle solution….

How to use a passkey instead of a password to sign into your Google account

[ad_1] Passwords have always been a necessary evil, giving you the choice of either using one that is too simple (so you can easily remember it) or…

Amazon quietly acquired audio content discovery engine Snackable AI to boost its podcast projects

[ad_1] Amazon quietly acquired New York-based audio content discovery engine Snackable AI last December to boost its podcast features, as first reported by New York Post. The…

Warhammer 40K’s New Tyranid Screamer-Killer Is a Great Update

[ad_1] A new edition of Warhammer 40K means new models—and for some of the 40-year-old wargaming franchise’s creatures and characters, that means updates they’ve not had in…

Leave a Reply

Your email address will not be published. Required fields are marked *