News
Spotify subscribers hit 124 million
Spotify subscribers hit 124 million, a 29% increase year on year, according to its recently released Q4 2019 financial results. Monthly Active Users (MAU) increased 31% to 271 million. But despite a 24% increase in revenue of €1,855 million in the quarter, the streamer reported a €77 million loss. Exponential growth in podcast hours streamed (up approximately 200% year on year) is driving increased overall engagement and retention of subscribers. Podcast highlights through the year […]