Spotify Has 108 Million Premium Subscribers Against Apple Music's 60 Million - franklinimmill
At its Q2, 2022 earnings turn Tuesday, Spotify announced that its music cyclosis service like a sho has 108 million premium subscribers, up 31 percent from the same period last year. Overall, the company claimed to have a total of 232 million ad-supported monthly active users (MAUs), up 29 percent year-on-twelvemonth. It had ended Q1 with 100 million superior users and 217 billion monthly active users.
In a press release earliest today, Spotify said that its trading operations in India, its newest market, "performed well and in line with expectations". The company launched its service in Bharat at the end of February and, come to a million users within its best week. Information technology claimed to sustain signed-up a million much users in the following a few weeks. IT isn't, however, straightaway clear as to how many an of them ingest subscribed to the premium tier up.
The latest Book of Numbers usher that Spotify continues to remain the in the lead music streaming service out front of its Apple Music, which is believed to have around 60 million permium users universal. The latter, even so, is believed to have destroyed past Spotify in the US earlier this year with 28 million agio subscribers, as opposed to the former's 26 million.
It should be noted, notwithstandin, that Spotify's total number includes those that signed up during a promo that the company ran from mid-May thru June, offering triad months of Spotify Premium for $0.99 or equivalent. It cadaver to be seen how many of them will retain their agiotage subscriptions in one case the promo period runs out.
Spotify sooner this calendar month rolled out a whippersnapper version of its app in 36 countries as part of its efforts to reach Sir Thomas More users in developing markets, including India. Called Spotify Fatless, the slimmed-go through app weighs in at between 10-15MB (depending on the twist), as opposing to the massive 100MB download of the untasted-fledged alternative. IT was originally launched in beta last year and, is aimed at users with slower phones and limited data availability.
Source: https://beebom.com/spotify-premium-subscribers-108-million/
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