Music streaming app SpotifyUSA now has over 500 million monthly active users
Despite pressure from a ton of other music streaming services, Spotify keeps adding users like hotcakes., Spotify announced that it achieved its “strongest” first quarter since taking the company public back in 2018. That’s quite the feat considering competition in the music streaming industry has only increased since that time.
Spotify also revealed that it now has over 500 million monthly active users — 515 million to be exact. The company says that monthly active users have grown 22% since the same period last year. In addition, premium subscribers grew 15% year-over-year. You can check out the full high-level breakdown provided by the company below: grew by 22% year-over-year to 515 million driven by strength in both developed and developing markets, and nearly all age groups.
The redesign is already rolling out to parts of the Spotify app. For example, while many users haven’t had their home screen updated just yet, choosing to filter the home screen by music, podcasts, or audiobooks enables the new, TikTok-like experience for a lot of people.
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