Spotify now has 158 million users who pay to listen to music or podcasts on the streaming service. In total, there are 356 million monthly active users, the company said in announcing the quarterly numbers.
Spotiy reports in an explanation says Quarterly numbers That the number of users paying 158 million represents a 21 percent increase over the number recorded in the first three months of last year. Compared to the last three months of last year, three million paying users have been added.
The total number of active monthly users now stands at 356 million, an increase of 24 percent compared to the first quarter of 2020. If this current number is compared to the number of the previous quarter, that’s an increase of three percent.
The number of monthly active users who use Spotify without a subscription has increased and thus have to deal with ads as quickly as possible on an annual basis. In the same period last year, that number reached 163 million users and has now grown 27 percent to 208 million. In the last three months of last year, there were 199 million users of this group.
Spotify’s total sales volume reached 2.15 billion euros, an increase of 16 percent compared to the sales achieved a year earlier. Last quarter, Spotify posted a modest profit of 14 million euros, compared to a loss of 17 million euros a year earlier and a loss of 69 million euros the previous quarter.
The music streaming service remains firmly committed to podcasts, with 2.6 million of them on the platform, compared to 2.2 million at the end of the fourth quarter of last year. The company says the number of hours the podcast was listened to is much more this quarter, but Spotify doesn’t offer specific numbers.
Spotify recently announced that it will raise Premium prices for European Duo users and families To rise. The service says it has raised prices for all types of Premium subscriptions in more than 30 countries so far, and initial results will indicate that this has not had a “significant impact”, for example in terms of new users or the number of cancellations.
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