Monday June 20, 2016

Spotify Monthly Active User Base Reaches 100 Million

Spotify has hit the 100 million active monthly users mark. While expanding its user base is good news, a decade in the business with losses every year isn't very encouraging. I guess now the only thing the company has to do is turn a profit.

Swedish music streaming service Spotify said on Monday its user base had grown to 100 million, up from 75 million previously, as it pushed into new markets and despite competition from the likes of Apple Music. Spotify has the music streaming industry's biggest paid subscriber base, with 30 million users paying to listen, but the vast majority still tune in for free with commercial breaks.