Latest update on Spotify: 50 million paid subscribers for the music streamer

Latest update on Spotify: 50 million paid subscribers for the music streamer
We finally have some new numbers for Spotify. The streaming music service, which is forecast to turn a profit this year for the first time ever, now has 50 million paid subscribers. Back in September, the streamer had 40 million users. That means that the number of paid subscribers has soared 25% in the last six months. Spotify has extended its lead over Apple Music, which has 20 million paid subscribers. Overall, 431 billion songs were streamed last year by "on-demand" subscribers like Spotify and Apple Music,  according to Nielsen.

Spotify did not reveal the total number of users it has. Besides the monthly paid premium service it offers, Spotify has a free tier that is supported by advertisements. The premium service is free for 30-days and is $9.99 a month after that. The advantages to the paid service include unlimited skips and the ability to play tunes offline. Premium subscribers can also play any track, and hear the stream in high quality. Students pay $4.99 a month and a family of up to 6 pays $14.99. Apple Music gives out a one time three-month free trial to subscribers. After that, the service is priced exactly the same as Spotify's at $9.99 a month, $4.99 for a student and $14.99 for a family of up to 6 members.

Based in Stockholm, Spotify is in the midst of a major New York expansion. The company is adding 1,000 jobs as it moves from Midtown Manhattan to the new World Trade Center. The company has been considering going public, and has to be heartened by the successful IPO achieved by Snap. The parent company of Snapchat saw its shares soar 44% on its first trading day.

source: Reuters

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16 Comments

1. liberalsnowflake

Posts: 273; Member since: Feb 24, 2017

R.I.P apple music

2. iushnt

Posts: 3160; Member since: Feb 06, 2013

It has got 20 mill subscribers. Yeah R.I.P makes sense.

3. liberalsnowflake

Posts: 273; Member since: Feb 24, 2017

Who cares greedy apple music streaming is mediocre compared to spotify

9. bucky

Posts: 3795; Member since: Sep 30, 2009

It might not be as good but it's a very good streaming service. Heavily disagree with the comment but your pic is on point.

12. nctx77

Posts: 2540; Member since: Sep 03, 2013

Apple Music is more than likely sitting at around 30 million. 20 million was reported back in Dec. Eddie Cue said they were way past that back in January.

4. Unordinary unregistered

It has insanely better numbers when comparing the two during both points at take off and sustain. Spotify is what, 10 years old and had 50 mil subs? Apple Music is what, 1.5 years old and has 24 million subs lmfao.

6. liberalsnowflake

Posts: 273; Member since: Feb 24, 2017

Stay hungry stay sheepy - isteave ijobs

7. Unordinary unregistered

stay butthurt :D

8. Z.....

Posts: 355; Member since: Feb 01, 2017

Lmao lmfao....

11. Sakeem

Posts: 865; Member since: Sep 05, 2012

Yeah, 2008 for Spotify. I think the Apple music numbers has to do with Spotify laying the groundwork already 9 years ago, and Apple building on that foundation. Also, the free tier in Spotify. For years I used it for free. Lastly, the huge instal base for Apple. So I dont think comparing numbers at take off is completely fair. I'm not discrediting Apple music, it certainly isn't dead, but we should judge each by the service they provide for the money people pay.

14. nctx77

Posts: 2540; Member since: Sep 03, 2013

Actually the free tier for Spotify makes Apple's numbers even greater considering it does have such a tier.

13. nctx77

Posts: 2540; Member since: Sep 03, 2013

Current Apple Music numbers are around 30 mil. That's 20 mil less than Spotify. Considering that Spotify had a 20 million sub head start that they took 8 years to get to, Apple is doing great! Also AM has only been around for 1.5 years.

5. cmdacos

Posts: 4334; Member since: Nov 01, 2016

Apple music is preloaded on the device as well which makes the 20 to 24 million even less impressive in comparison.

10. miketer

Posts: 541; Member since: Apr 02, 2015

Somehow I find Deezer better.

16. zeppo

Posts: 200; Member since: Jul 21, 2015

I dont even use Apple music when it was free for 3 month trial, uninstalled after after a month . Spotify just grew up on me.

17. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

Prefer Spotify. It supported on my Windows desktop, Windows mobile, Xbox, PS3, Android, Android TV, Google Home. I sure its available it practically every existing platform like Alexa which i don't own yet. Apple music is really a fandom music service design to lock you further into their ecosystem.

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