Spotify Reaches 100 Million Subscribers, 30 Million Paid, Double Apple Music

Spotify Reaches 100 Million Subscribers, 30 Million Paid, Double Apple Music

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Spotify has announced that the company has crossed 100 million subscribers with 30 million of those paid being paid subscribers, reports The Telegraph. Based on those numbers the company is adding 1.8 million users to its service each month.

Spotify's revenues rose 80% to €1.95bn (£1.5bn) last year but its losses also rose by 10% to €173m.

“The economics of the freemium tier remain challenging and every single freemium user is lossmaking on a gross margin basis,” said Alice Enders of Enders Analysis. “What’s heartening is it is paying off in terms of subscribers. We think it’s made very good progress this year.”

At WWDC, Apple SVP Eddy Cue announced that the Apple Music service had reached 15 million paid subscribers. It reached that number in just under a year. The company also announced a revamp of the Apple Music app which will debut alongside iOS 10 in September.

Spotify is still the biggest streaming service in the world but it will face tough competition in the months ahead from Apple.

Have you tried both services? Which did you like most?

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Spotify Reaches 100 Million Subscribers, 30 Million Paid, Double Apple Music
NarniaMan - June 28, 2016 at 5:28pm
No Spotify in my country. Happily paying for Apple Music.
Silver - June 21, 2016 at 3:14pm
Spotify's design and features are far better. Apple Music sucks balls. There is far more new and obscure music on Spotify and Spotify allows download for offline listening. Apple just wants your money is constantly trying to get you to buy garbage from the App Store. Similar to how Apple maps sucks balls compared to google maps. Apple tried to defeat google maps and failed horribly.
Platinum - June 21, 2016 at 3:22pm
If Apple just wanted our money, then there wouldn't be so much praise it has earned all this time, but as for Apple Maos and Mysic, they're getting better than you thought! Think again! Apple apps has quality apps from the App Store and they beat Google just like their products and it goes to show! It puts effort like pulling a tow truck using teeth.
Silver - June 23, 2016 at 4:22am
Think again? I don't need to, Apple Music sucks. I mean Taylor Swift is one of their main attractions. Horrible. Why are you fanboys constantly defending every criticism of anything Apple? Totally blinded. Get back to sucking Apple titties idiot.
Silver - June 23, 2016 at 4:24am
And pulling a tow truck using teeth? Nice analogy weirdo. Wtf are you smoking.
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