Spotify targets 400 million users by year-end

At the end of September, the number of active users per month for Spotify reached 381 million, up 19% over one year. The same increase for the number of paying subscribers – which generate nearly 90% of revenue – with a total of 172 million.

By the end of this year 2021, the world leader in music streaming hopes to cross the milestone of 400 million active users, and with between 177 and 181 million paying subscribers.

For the Swedish group, the third quarter results are marked by a turnover of 2.5 billion euros (+ 27% over one year) and a net profit of 2 million euros, against a net loss of 101 million euros a year ago at the same time.

Spotify points out that ad revenue continues to exceed its most optimistic expectations, and adds that ” user engagement metrics in many markets have shown encouraging signs of growth.

For Premium, the average revenue per user is 4.34 €. Since its IPO in 2018, the quarters in the green are not legion for Spotify. In 2019, Spotify had recorded an annual net loss of 186 million euros, and 581 million euros in 2020.

Source: GNT – actualités by

*The article has been translated based on the content of GNT – actualités by If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!