Spotify’s latest quarterly earnings are in, and the streaming service now boasts 87 million paid Premium subscribers and 191 million total active monthly users. That’s up from the 83 million paid Premium subscribers Spotify announced back in July, via The Hollywood Reporter.
Spotify hits 87 million paid subscribers
It’s also nearing profitability
It’s also nearing profitability
It’s not the biggest jump in subscribers for the streaming service, but it still helps Spotify maintain its lead over its biggest rival, Apple Music. In a recent report, it was estimated that Apple Music has 43.5 million subscribers (although that number isn’t directly from Apple).
Additionally, Spotify jumped from posting a €73 million ($83.3 million) loss in Q3 last year to a €6 million ($6.8 million) loss in this year’s Q3 results. The music streaming company is not quite profitable yet, but it’s getting closer, which good news for investors.
Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Most Popular
Most Popular
- Starlink made ‘work from home’ possible from anywhere — now, I’m ready for a change
- The tech world is sleeping on the most exciting Bluetooth feature in years
- Chamberlain blocks smart home integrations with its garage door openers — again
- OpenAI’s GPT-5.2 ‘code red’ response to Google is coming next week
- An all-time great game makes a comeback
