Friday, Apr 19, 2024 | Last Update : 02:59 PM IST
Spotify records 217 million monthly active users in Q1, 2019
The music streaming service expanded its global market footprint to 79 countries.
Spotify recorded an uptick in its monthly active users in Q1, 2019 at 217 million after a 26 per cent growth.
The music streaming service expanded its global market footprint to 79 countries by launching in India in late February, where it recorded more than 1 million users in the first week itself.
It now boasts more than 2 billion users in India, Spotify noted in its official release. Meanwhile, premium subscribers grew to 100 million, up by 32 per cent.
In terms of total revenue, Spotify recorded a 33 per cent increase at 1,511 million euros with premium revenue of 1,385 million euros in Q1 growing 34 per cent.
Ad-supported revenue grew 24 per cent at 126 million euros and the average revenue per user was 4.71 euros in Q1.
