Q3 2020 Archives

Spotify subscribers hit 144 million in Q3 2020

30/10/2020

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 […]

Pandora continues to lose listeners

25/10/2020

Pandora continues to lose listeners with monthly active users (MAU) down 7% from a year ago according to the latest Q3 2020 financial results from parent company SiriusXM. MAUs were 58.6 million in the third quarter, down from 63.1 million in the prior year period. Total ad supported listener hours also declined from 3.12 billion in the period, down from 3.32 billion in the third quarter of 2019. Pandora added 105,000 net new self-pay subscribers […]