Spotify picture used for illustration.
Spotify not too long ago introduced that it had 158 million premium subscribers and 356 million month-to-month lively customers till March 31, 2021.
Spotify has clocked over one billion downloads on Google Play Store in simply two years after hitting the five hundred million mark. The current growth additionally implies that the app is essentially the most downloaded music streaming app in the Android ecosystem. The achievement is critical as a number of apps with over one billion downloads come pre-installed on smartphones, naturally taking the download-count excessive. Spotify, then again, is downloaded individually and the corporate has been including a number of options to appeal to extra customers. The music streaming platform nonetheless receives stiff competitors from Apple Music and Podcasts. Amazon can be slowly catching up with the app by way of its Amazon Music and Audible.
Meanwhile, the Swedish music streaming large not too long ago introduced that it had 158 million premium subscribers and 356 million month-to-month lively customers till March 31, 2021. Its final quarter (January to March 2021) efficiency report reveals that the corporate managed a 21 p.c year-on-year enhance in premium subscribers and a 28 p.c enhance in month-to-month lively customers. Revenue rose to EUR 2.15 billion for the three months ended March 31, from EUR 1.85 billion a 12 months earlier. Spotify additionally beat analysts’ expectation who projected income of EUR 2.14 billion.
Recently, Spotify launched a paid subscription platform for podcasters to problem an identical service unveiled by Apple. It has partnered with Facebook to permit listeners to play music and podcasts instantly from the social community’s iOS and Android apps by way of mini-player. The new integration is rolling out in 27 markets, together with the US and Canada, with further markets to observe in the approaching month. Spotify additionally introduced an replace for each iOS and Android apps that brings a redesigned library tab. The new ‘Your Library’ tab features a new grid view, dynamic filter, improved sorting, and extra, for customers to higher entry all their music and podcasts in one place. Spotify customers should guarantee they’re utilizing the most recent model of the app to take pleasure in these new options.
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