Spotify becomes first music streaming service to reach 100 million paid user mark
- by Archit-Jain
- May 13, 2019 15:56
spotify becomes the first music streaming service provider to reach 100 million paid users. , Spotify’s biggest competitor, Apple Music, surpassed 50 million paid subscribers during the December 2018 quarter.Paid subscribers now make up almost half of Spotify’s 217 million user base, with 117 million users use the free version of the service. According to the company, paid subscribers increased by 32 per cent year-over-year compared to last year.
In a statement, the company said: “Premium Subscribers grew to 100 million, up 32 per cent year over year reaching the high end of our guidance range of 97-100 million, and marking an important milestone in Company history.”
Overall, Europe accounts for 36 per cent of its users, while 29 per cent of its users come from North America. Latin America accounts for 22 per cent, while the rest of the word is at 13 per cent.
currently it is available in 79 countries