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?
Apple news, rumors, tutorials, price drop alerts, in your inbox every evening, free.
Unsubscribe at any time.
Success!
You have been subscribed.
Add Comment
Would you like to be notified when someone replies or adds a new comment?
Yes (All Threads)
Yes (This Thread Only)
No
Notifications
Would you like to be notified when we post a new Apple news article or tutorial?
Yes
No
Comments (8)
Comments are closed for this article.
0
NarniaMan - June 28, 2016 at 5:28pm
No Spotify in my country. Happily paying for Apple Music.
0
Amri - June 21, 2016 at 3:27am
Spotify for sure
0
Gtavo - June 20, 2016 at 9:42pm
Spotify way better
0
gamerscul9870 - June 20, 2016 at 10:00pm
because it has been out longer and has gotten used to its habits.
0
Ace* - June 20, 2016 at 10:39pm
Because it's better.
0
gamerscul9870 - June 20, 2016 at 11:31pm
And I gave a reason why.
0
ninjam - June 21, 2016 at 8:35am
Yea, but how can Apple release such a poor music streaming service so late in the game... It is disappointing if you compare it to Spotify.
0
Stevenk - June 21, 2016 at 2:33pm
Its not bad but its not great either. Apple Music is frustrating because of the user interface. The UI needs a lot of re-work and restructuring to make it easier to use and more appealing.
![Low-Cost MacBook Colors Were Originally Planned for M2 MacBook Air [Rumor]](/images/news/99984/99984/99984-160.jpg "Low-Cost MacBook Colors Were Originally Planned for M2 MacBook Air [Rumor]")
![Apple Seeds Xcode 26.3 RC 2 With Claude 4.6 Support [Download]](/images/news/99980/99980/99980-160.jpg "Apple Seeds Xcode 26.3 RC 2 With Claude 4.6 Support [Download]")
![Apple Watch Series 11 Now $299, 46mm Model Also at Record Low [Deal]](/images/news/99986/99986/99986-160.jpg "Apple Watch Series 11 Now $299, 46mm Model Also at Record Low [Deal]")
![Expired: Save $900 on Apple's 11-Inch M4 iPad Pro 2TB With Nano-Texture Glass [Deal]](/images/news/99982/99982/99982-160.jpg "Expired: Save $900 on Apple's 11-Inch M4 iPad Pro 2TB With Nano-Texture Glass [Deal]")
![11-Inch M5 iPad Pro Hits New All-Time Low at $799.91 [Deal]](/images/news/99962/99962/99962-160.jpg "11-Inch M5 iPad Pro Hits New All-Time Low at $799.91 [Deal]")
![11-inch M5 iPad Pro (1TB) Drops to All-Time Low of $1,449 [Deal]](/images/news/99924/99924/99924-160.jpg "11-inch M5 iPad Pro (1TB) Drops to All-Time Low of $1,449 [Deal]")
![Original AirTag Drops to All-Time Low Price of $17 [Deal]](/images/news/99856/99856/99856-160.jpg "Original AirTag Drops to All-Time Low Price of $17 [Deal]")
