Jump to content

REPORT: Spotify Nearing 300 Million Monthly Active Users


NelsonG

Recommended Posts

Spotify is quickly approaching 300 million monthly active users (MAU).

The platform’s MAU count just peaked at 299 million for the second quarter dated June 30th, an increase of 29 percent year-over-year. In addition, subscribers are up 27 percent year-over-year, for a total of 138 million paid users.

At the start of quarantine, Spotify reportedly experienced a “covid-related softness” in multiple countries and regions. However, the platform bounced back significantly last month, and the momentum is expected to continue through the next quarter.

Spotify recently invested in podcasts and video podcasts (aka vodcasts), and this increase could be a direct result. According to a report, Spotify now hosts 1.5 million shows and half of them launched in 2020.

If this pace keeps up, the music streaming service is expected to have closer to 350 million MAUs by the end of the year.

More info here.

 

Source: Tech Spot

This article was first published on Your EDM. Source: REPORT: Spotify Nearing 300 Million Monthly Active Users

View the full article

Link to comment
Share on other sites

Please sign in to comment

You will be able to leave a comment after signing in



Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Our picks

    • Wait, Burning Man is going online-only? What does that even look like?
      You could have been forgiven for missing the announcement that actual physical Burning Man has been canceled for this year, if not next. Firstly, the nonprofit Burning Man organization, known affectionately to insiders as the Borg, posted it after 5 p.m. PT Friday. That, even in the COVID-19 era, is the traditional time to push out news when you don't want much media attention. 
      But secondly, you may have missed its cancellation because the Borg is being careful not to use the C-word. The announcement was neutrally titled "The Burning Man Multiverse in 2020." Even as it offers refunds to early ticket buyers, considers layoffs and other belt-tightening measures, and can't even commit to a physical event in 2021, the Borg is making lemonade by focusing on an online-only version of Black Rock City this coming August.    Read more...
      More about Burning Man, Tech, Web Culture, and Live EventsView the full article
      • 0 replies
    • Post in What Are You Listening To?
      Post in What Are You Listening To?
    • Post in What Are You Listening To?
      Post in What Are You Listening To?
    • Post in What Are You Listening To?
      Post in What Are You Listening To?
    • Post in What Are You Listening To?
      Post in What Are You Listening To?
×
×
  • Create New...