Business • Media & Advertising
2020-04-29T15:17:37+00:00

Spotify’s Premium subscriber base reachs 130 million users.

Spotify’s Premium subscriber base reachs 130 million users.
View from Spotify’s Stockholm HQ Credit: Spotify

Spotify published its financial results for Q1 2020, reporting that it had 130 million Premium subscribers globally at the end of the quarter. That was up by 6m subscribers compared to the end of the prior quarter (Q4 2019) and up by 30m (+31%) compared to the same period last year.

The company stated it started seeing a fall in users in late February in virus-affected countries such as Italy and Spain, but has seen a meaningful recovery in the last few weeks.

Total revenue was €1.85 billion, an increase of 22% compared to last year, while premium subscription revenue grew by 23% reaching €1.70 billion.

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