0
Broadband

Spotify adds 8 mln paid subscribers in Q2, on track for FY growth of 30%

Thursday 26 July 2018 | 15:41 CET | News
Always wanted to know everything about the Dutch Telecoms market? Then the online Masterclass Introduction Dutch Telecom market is for you! Please enroll here!
Spotify ended the second quarter with 180 million active monthly users, up 30 percent from a year earlier and 10 million more than in Q1. Paid subscribers rose 40 percent year-on-year to 83 million, an increase of 8 million from the previous quarter and at the high end of the company's guidance.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet / Mobile & Wireless
Companies: Spotify
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Spotify meets outlook for subscriber growth, warns for margin pressure

Published 01 Nov 2018 13:32 CET | World
Spotify reported third-quarter results in line with its guidance, adding another 11 million users for a total 191 million at the ...

Nearly nine in ten internet users listen to streaming music - IFPI

Published 15 Oct 2018 15:22 CET | World
Nearly nine in ten (86%) internet users in advanced economies listen to streaming music, according to a survey by the ...

Tencent Music files for IPO in US

Published 03 Oct 2018 09:13 CET | China
Tencent Music has filed for an initial public offering of shares in the US, to raise up to USD 1 billion. Tencent is expected to ...

Spotify, Hulu add Showtime to USD 5 student plan

Published 30 Aug 2018 15:24 CET | United States
Spotify announced the addition of Showtime to its USD 4.99 plan for students offered with Hulu. The deal includes access to the ...

Spotify to let users skip over ads

Published 13 Aug 2018 10:25 CET | World
Spotify has started testing a new feature for users of its free service to skip ads. The company said this should help improve ...

Warner Music sells stake in Spotify

Published 08 Aug 2018 10:29 CET | World
Warner Music Group announced that it has sold its entire stake in Spotify, following the streaming company's IPO. Warner's ...

Spotify announces departure of head of creator services Carter in September

Published 31 Jul 2018 11:59 CET | Sweden
Spotify has announced the departure of its head of creator services Troy Carter in early September, according to a Reuters ...

Spotify agrees to pay USD 112 mln in songwriter royalties

Published 25 May 2018 13:35 CET | World
Spotify has agreed to pay out USD 112.55 million in a settlement agreement after musicians David Lowery (of Camper Van Beethoven) ...

Spotify grows to 170 mln users in Q1, revenues up 26%

Published 03 May 2018 08:29 CET | World
Spotify ended the first quarter with a total of 170 million monthly active users, up 30 percent from a year earlier. Ad-supported ...

Spotify guidance disappoints, as YouTube prepares to step up the competition in music market

Published 29 Mar 2018 16:23 CET | World
Spotify has issued guidance for its Q1 and 2018 results, ahead of its stock market listing on 03 April. What's the outlook for ...

Spotify forecasts at least 30% growth in subscribers in 2018

Published 26 Mar 2018 16:26 CET | World
Spotify has released a financial outlook for Q1 and 2018, ahead of its listing on the stock market in early April. The company ...

Spotify stock listing: still not self-financing, but prospects appear good

Published 15 Mar 2018 12:37 CET | World
Spotify is expected to list on the stock market in the first week of April, through a direct listing. That means no new shares ...

Spotify reaches 70 million subscribers

Published 05 Jan 2018 08:46 CET | World
Streaming music service Spotify announced on Twitter that it's reached 70 million subscribers. That's up from 60 million in ...





Calendar   /   Industry Events

19 Oct Capacity Europe 2020
21 Oct Ericsson Q3 2020
21 Oct Telenor Q3 2020
21 Oct DNA Q3 2020
21 Oct Netgear Q3 2020
21 Oct Crown Castle Q3
21 Oct Telia Q3 2020
21 Oct Verizon Q3 2020
21 Oct Profile: Budget Alles-in-1
22 Oct Verimatrix Q3 2020
22 Oct Econocom Q3 2020
22 Oct AT&T Q3 2020
22 Oct Limelight Networks Q3 2020
22 Oct Nordic Entertainment Q3 2020
22 Oct Intel Q3 2020
22 Oct STMicroelectronics Q3 2020
22 Oct VeriSign Q3 2020
22 Oct Rogers Q3 2020
23 Oct Doro Q3 2020
23 Oct Orange Belgium Q3 2020
23 Oct Airtel Africa H1 results
26 Oct Harmonic Q3 2020
26 Oct Alphabet Q3 2020
26 Oct Twilio Q3 2020
26 Oct CCW Europe 2020
27 Oct Microsoft fiscal Q1
27 Oct A10 Networks Q3 2020
27 Oct Juniper Networks Q3 2020
27 Oct Siminn Q3 2020
27 Oct Telefonica Brasil Q3 2020
::: More Calendar Items