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Spotify - statistics & facts

Spotify is now the global music streaming service leader and also has the highest share of music streaming subscribersin the world, outperforming its competitors by some margin. With a wide variety of music content as well as audiobooks and podcasts, Spotify has established itself as the “go-to” option for many. Launched in 2008, Spotify breathed new life into the music streaming industry by providing listeners with an almost endless catalog of music to enjoy and is now the most popular music streaming service among young people in the United States.

Spotify usage

In late 2020 the number of paid Spotify subscribers surpassed 155 million worldwide for the first time. Paying subscribers account for close to half of Spotify’s monthly active users, although the majority still use the ad-supported free version. Usage in general is high, and although the company has released web and desktop platforms, Spotify’s mobile app is particularly successful and ranks among the most popular music streaming apps in the United States, and over 20 percent of Americans listen to Spotify on a weekly basis.

Spotify financials

Spotify’s revenue amounted to over 7.8 billion euros in 2020, and the company also reported a net loss of over 580 million euros. This result is strongly influenced by Spotify’s cost of sales, which mostly comprises licensing expenses towards record labels, distributers, and artists. The company spent more than 855 million euros on research and development in 2020, has invested heavily in podcasts in recent years, and also grown its global cohort of workers: Spotify’s number of employees surpassed five thousand in 2020. All of this has allowed the company to ensure future growth and maintain its position, and although 2021 will be a hard year for many businesses, with so many strings to its bow, Spotify will likely remain the most successful music streaming service in the market for years to come.

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Spotify

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Spotify - statistics & facts

Spotify is now the global music streaming service leader and also has the highest share of music streaming subscribersin the world, outperforming its competitors by some margin. With a wide variety of music content as well as audiobooks and podcasts, Spotify has established itself as the “go-to” option for many. Launched in 2008, Spotify breathed new life into the music streaming industry by providing listeners with an almost endless catalog of music to enjoy and is now the most popular music streaming service among young people in the United States.

Spotify usage

In late 2020 the number of paid Spotify subscribers surpassed 155 million worldwide for the first time. Paying subscribers account for close to half of Spotify’s monthly active users, although the majority still use the ad-supported free version. Usage in general is high, and although the company has released web and desktop platforms, Spotify’s mobile app is particularly successful and ranks among the most popular music streaming apps in the United States, and over 20 percent of Americans listen to Spotify on a weekly basis.

Spotify financials

Spotify’s revenue amounted to over 7.8 billion euros in 2020, and the company also reported a net loss of over 580 million euros. This result is strongly influenced by Spotify’s cost of sales, which mostly comprises licensing expenses towards record labels, distributers, and artists. The company spent more than 855 million euros on research and development in 2020, has invested heavily in podcasts in recent years, and also grown its global cohort of workers: Spotify’s number of employees surpassed five thousand in 2020. All of this has allowed the company to ensure future growth and maintain its position, and although 2021 will be a hard year for many businesses, with so many strings to its bow, Spotify will likely remain the most successful music streaming service in the market for years to come.

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Spotify".

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