Spotify - Statistics & Facts

Spotify - Statistics & Facts

Statistics and facts on Spotify

Spotify is a digital, cross-platform music streaming service offering users a variety of record label content from Sony, EMI, Warner Music Group and Universal. Music can be browsed or searched by artist, album, genre or pre-curated playlists. Whereas the basic, ad-supported service is free, Spotify offers a tiered subscription model allowing paid users to not only listen to Spotify without advertising but also to access tracks on mobile devices and save music and playlists for offline use. As of 2016, Spotify accounted for 43 percent of streaming music subscribers and 40 percent of music streaming label revenues worldwide.

In March 2017, the company reported over 50 million paid subscribers worldwide. As such, subscribers account for approximately half of Spotify's user base of 100 million monthly active users. Spotify’s popularity continued to grow, particularly in Europe, and is considered one of the most popular streaming services worldwide. Spotify’s main competitors are Apple Music and Pandora, especially as these two platforms are strong in the United States. Spotify is particularly strong with its mobile app - it has a larger audience reach than its desktop client and is one of the most popular music and entertainment apps in the United States. As of February 2017, 18 percent of Americans used Spotify on a monthly basis.

Spotify’s 2015 revenue amounted to 1.95 billion euros with a net loss of 173 million euros. This result is strongly influenced by the company’s cost of sales which is mostly comprised of licensing expenses towards record labels and artists.

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