It was an instant success, with a Facebook partnership helping it rise rapidly to prominence. We might also include the $500 million investment in original podcasts, which certainly may have served to bring in a different demographic of less-musical users. In Q1 2020, Spotify revenue stood at €1.85 billion ($2 billion, May 2020 exchange rates used except where specified), €1.7 billion ($1.84 billion) of this coming from Premium subscriptions.

As recorded by June 2019, the number of Spotify monthly active users is around 232M.

It’s complex and mysterious in its specific workings, but users are known to comment on the sometimes-disarming accuracy with which the Spotify algorithm, can identify new tracks and artists that any given user will love. There, by navigating through a bunch of metrics, you’ll get an idea of where you stand in terms of the number of streams and audience growth. And importantly, Netflix is investing in the creation of original content – giving something back to the art form through which it rose to prominence. Looking at a survey of US streaming service users dating to late 2017 (new data was unavailable as of April 2020), we can see that Spotify is the most-popular channel with under-30s, with only US-specific Pandora coming close. facts.

Labels are hardly a model of benevolence, but it is they who actually put money in artists’ pockets. Spotify brings you the right music for every moment – on computers, mobiles, tablets, home entertainment systems, cars, gaming consoles and more. It’s not just the festive season that gets listeners looking for class soundtrack. The stronger growth for Spotify has been ascribed to factors including smart speaker integration as well as the podcast strategy, mentioned above. There is a question, though, which separates Netflix and Spotify. Followers of content and context playlists on Spotify. Apple on 18%, with the above caveat, comes in second, followed by Amazon on 13%, and China-specific Tencent Music on 10%. An anticipated new feature called Spotify Tastebuds will facilitate social music discovery through users’ friends. eMarketer predicts US Amazon Music listeners will increase to 43.3 million over 2020. Given most artists would struggle to make a living from such rates, it’s clear that Spotify’s model does not take artist income into account. In 2019 it dwarfed Spotify statistics in total paid U.S. subscribers with 28 million versus the 26 million of Spotify. Indeed, it is only track to feature released prior to 2011. The company also marks a 39% increase in podcast listening time quarter to quarter.
Whereas, they are planning to get a total of 117-127M premium users by the end of this year. The best podcasts in 2019 turned out to be “The Joe Budden Podcast” with Rory and Mal, followed by “My Favorite Murder” with Karen Kilgariff and Georgia Hardstark.

Something that can be concluded from the value shared above. Apple Music, on the other hand, did not get a score higher than 5, while Google Play Music was in negative figures. The growth of the subscription model has seen consecutive years of revenue growth in the industry, which have seen revenue figures not too far off those we last saw when physical media was preeminent. Interesting facts about Spotify has made it extremely easy for artists to spread their music and get the limelight, there are still various songs that go undiscovered.

Spotify reports that the fastest growth is occurring in less-established ‘rest of world’ segment (which encompasses Asia). As depicted in the graph below, people from all walks of life are enjoying Spotify music streaming service. Spotify is currently available in 79 countries. Spotify 2019 ad revenue came to €678 million, or $735 million, accounting for 25%.


It is predicted it will grow to 37.1 million over 2020. In February 2009, Spotify began public registration for the free service in the UK.