Spotify just announced on Twitter that it now has 70 million subscribers. Before today, the company’s most recent subscriber count was at more than 60 million back in July. Spotify hasn’t given any new details on its total number of active users, but in June it claimed to be up to 140 million.
In the last few months, the streaming service renegotiated licensing deals with Sony Music, Universal Music Group, and Warner Music Group, which will give Spotify a break on royalty payouts. The deals also give labels the option to keep new albums off of the streaming service’s free tier for a period of time. Spotify is expected to go public soon, and this week the company confidentially filed for an IPO, Reuters reports.
This new subscriber count further solidifies Spotify’s place ahead of its competitors — in size, at least. Apple Music last announced in September that it had more than 30 million subscribers, while Tidal hasn’t released its subscriber numbers.