Spotify has over 286 million listeners per month.Īlmost everyone has a Spotify account these days. This was a first for Spotify, and it has only gone up further up since then.
#Spotify stats free
The majority of this expense came from royalty payments, which amounted to over $882 million in 2014.įinally, by Q4 2018, the company reported positive numbers across all types of income, including net income, operating income, and free cash flow. In 2015, when the company surpassed the €1 billion mark in revenue, it also met with a net loss of €162 million. The loss is mostly due to Spotify spending more than it was getting, mainly on royalties as well as Research and Development projects. While Spotify sales are constantly growing each year, the company has been reporting losses for 12 years in a row leading up to 2018. Spotify suffered a net loss of €186 million in 2019.
The remaining 10% comes from its ad-supported free service. That was great news for the company because a whopping 90% of Spotify revenue comes from its premium subscribers. Premium subscriber revenue went up by 38% in 2017. In fact, Spotify statistics for 2017 showed growth in both types of Spotify users, contributing 39% to its total revenue. Spotify is constantly growing year after year. 45% two-year CAGR was the total revenue growth for Spotify in 2017. That year, Spotify opened at $165.90 on the New York Stock Exchange. Spotify’s net worth is staggering, just shy of $30 billion in 2018.
$29.6 billion was Spotify’s value in 2018. With that in mind, let’s dig deep into the latest stats: 1.
#Spotify stats Offline
They can even download music for offline consumption. Spotify Premium is where users pay a monthly subscription fee and have access to all of Spotify’s goodness, including high-quality music, access to the entire music library without ads.They also do not have the option to download music for offline consumption. Spotify Free is where users can listen to music but will be interrupted by ads.Spotify launched to the US market in 2011, catapulting its growth. Its name is a portmanteau of the words “ spot” and “ identify.” Spotify was founded in 2006 by Daniel Ek and Martin Lorentzon in Sweden in the hope of combating the illegal downloading of music that was rampant at the time. More than half of Spotify listeners are in the 18 to 34 age group.Spotify was available in just six European countries back in 2008.Spotify is currently available in 79 countries.Spotify has over 130 million premium subscribers.286 million active listeners are on Spotify each month.Spotify suffered a net loss of €186 million in 2019.In 2018, Spotify was valued at $29.6 billion.Mind-blowing Stats for Spotify (Editor’s Choice) Mind-blowing Stats for Spotify (Editor’s Choice).
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