Spotify: 286m users / 130m subscribers. At the end of March 2020, Spotify had 286 million monthly active users, including 130 million premium subscribers and 156 million ad-supported (i.e. Free) listeners. Apple Music: 60m subscribers. In June 2019, Apple announced that there were 60 million people paying for an Apple Music subscription. Spotify said it continues to see “exponential growth” in podcast streaming as it reported fourth-quarter results with a jump in monthly active users jumped but lighter-than-expected revenue. Spotify's revenue for Q1 2020 amounted to €1.85 billion ($2 billion). A large part of this sum, €1.7 billion ($1.84 billion), came from Spotify Premium subscribers. Gross profit in the same quarter amounted to €472 million ($511 million), with an operating loss of €17 million ($18 million). Spotify Premium costs $9.99 a month and for that, you get an entirely ad free experience. You can listen to as much music as you want and you’ll never get interrupted by an ad. You can also listen to any track, album, artist, or playlist you like at any time in any order with unlimited skips. Spotify's monthly active users, which included its ad-supported free version, grew 29% to 232 million and beat expectation of 227.7 million users. It now expects between 240 million and 245.
Taylor Swift and other musicians criticizing Spotify’s free tier may have a point.
According to a new company financial filing in Luxembourg found today by Music Business Worldwide, Spotify made a record $2.18 billion in revenue in 2015, up from $1.3 billion the previous year. But 89.9% of that figure came from the company’s subscription platform (also known as Spotify Premium, charging most users $9.99 per month) and 10.1% was from its free advertisement-supported tier, where listeners pay nothing.
Alone, those numbers aren’t striking. Download handy print for mac. But consider that out of Spotify’s 89 million active users by the end of 2015, only 28 million of them were paying subscribers—meaning the company is disproportionately dependent on just a third of its user base for the majority of its revenues.
Audacity plugins auto tune free download. Spotify itself admits the financial drain of its free tier: “Free user models, whilst scaling, have not proven a path to profitability,” the company’s board of directors wrote in a note to shareholders attached to the Luxembourg filing. (It made a net loss of $194 million in that period.)
The board was quick to add that subscription-only services—likely alluding to competitors like Apple Music—also “have not yet proven scale,” and that it believes Spotify will remain the market leader because it “has the combined power” of both business models.
While Spotify’s ad-supported tier hasn’t hurt the company financially, though, it has managed to alienate a sizable crowd of artists who don’t want their music given away for free. If the company is to continue expanding at its current rate, that—in conjunction with the free tier’s meager profits—could be cause for some more concern. https://kbever916.weebly.com/blog/spotify-premium-mac-os-x.
Correction: An earlier version of this story misstated Spotify’s profitability.
Number Of Spotify Premium Users
Spotify has announced its Q3 2019 financial and user metrics, revealing that it grew its total monthly active users (MAUs) to 248 million — up 30% on the 191 million it reported for the same period last year, and up 7% on the 232 million from the previous quarter.
The music-streaming giant is maintaining a roughly 45% ratio of premium to ad-supported subscribers, claiming 113 million paying users for the past quarter, up 31% from 87 million in the Q3 2018 period — and marginally surpassing the high-end analyst estimates.
Spotify attributed some of its net premium subscriber growth to the “strong performance” of its student and family plans, the latter of which received some notable upgrades in the past few months. Minecraft 1.11 mac free download. Back in August, for example, Spotify introduced new content filters that allow parents to control what songs their children can access, in addition to a new family-focused playlist.
In terms of financials, Spotify reported revenue of €1.7 billion ($1.9 billion), up 28% year-on-year (YoY) and 4% quarter-on-quarter (QoQ). The company also turned an operating profit of €54 million ($60 million), compared to a small YoY and QoQ loss on the previous figures — this was driven in part by a higher gross profit and a “lower-than-expected” spend across areas including artist marketing, original content promotion, and R&D. However, Spotify anticipates returning to a loss for Q4 2019, estimating that its operating loss will fall somewhere between €31 million and €131 million ($34 million – $145 million).
Spotify also used its Q3 earnings report to announce that chief financial officer (CFO) Barry McCarthy will be leaving the company in January after nearly five years, with Paul Vogel — current head of FP&A, treasury, and investor relations — taking over.
Retention
Though Spotify’s bottom line is of course an important factor for Wall Street, it’s the company’s longer-term prospects relating to its user numbers that are of particular note, specifically in relation to the competition. Back in June, Apple announced that Apple Music had 60 million users, a figure that has likely increased a bit in the subsequent four months. But globally, Spotify continues to dominate both in terms of overall user numbers and those on a paid plan.
“Relative to Apple, the publicly available data shows that we are adding roughly twice as many subscribers per month as they are,” Spotify said in its report. “Additionally, we believe that our monthly engagement is roughly 2 times as high and our churn is at half the rate.”
Despite past criticism over Spotify’s continued adoption of a free streaming plan, the plan remains an important tool for the company, allowing it to lure new users on board so it can persuade them to upgrade to a paid tier. Premium subscriptions continue to be the main revenue driver for Spotify, representing more than 90% of its income in Q3. Spotify debian download.
Spotify User Id
“We rolled out a number of tests in Q3 with the goal of immersing new users in the product functionality faster,” the company said. Adjust bass spotify mac. “It’s still early, but we are encouraged by the improvements we’ve seen in retention to date. Our belief is that a better onboarding experience leads to increased engagement, which leads to better retention, conversion, satisfaction, and ultimately, lifetime value.”
Number Of Spotify Users
Finally, a growing part of Spotify’s retention plans include podcasting, which it has invested heavily in over the past year. As such, Spotify broke out podcast-specific numbers for its Q3 financials, revealing that 14% of its users listened to a podcast during the last quarter, which equates to roughly 35 million people.
Spotify Free Users
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