Financial Results

Spotify subscribers hit 144 million in Q3 2020, a 27% increase year on year, according to its recently released Q3 2020 financial results. Monthly Active Users (MAU) increased 29% to 320 million. Revenue of €1,975 million was up 14% year on year in the quarter despite the impact of the COVID-19 pandemic. Despite this growth the streamer continues to make a loss (€101 million) and forecasts continuing losses despite predicted increases in streaming subscriptions and […]

Spotify subscribers hit 130 million, a 31% increase year on year, according to its recently released Q1 2020 financial results. Monthly Active Users (MAU) increased 31% to 286 million. But despite a 22% increase in revenue of €1,848 million in the quarter, Spotify reported an operating loss of €17 million. The streamer reported that it now has over 1 million titles on its platform and highlighted the acquisition of Bill Simmons’ The Ringer sports and […]

Spotify users grow by 30% to 248 million year on year with subscribers up 31% to 113 million according to the streamer’s recently published Q3 2019 financial results. Total Monthly Active Users (MAU) grew 30% year on year to 248 million well ahead of expectations with South East Asia and India leading the charge. The streamer also noted that long term retention of users driven by innovation in its product has contributed to the strong […]