Spotify exceeds all expectations and reaches 113 million paying subscribers

Spotify

Since Apple's music streaming service was launched in June 2015, the streaming music service Spotify has gone growing every month by leaps and bounds, when it really should be the opposite, at least when a new service of this type enters the scene.

According to the latest data published by the Swedish company, as of September 30, Spotify has 113 million paying subscribers, which added to the 137 million users of the version with ads, make a total of users of this service of 250 million people, a little less than the entire population of the United States.

The good results achieved by the company in the last quarter have been very well received on the stock market, since the company has experienced an increase of 16% after announcing the company's business figures. Spotify has entered 1.561 million dollars through paid users in addition to another 170 million from the version of Spotify with ads.

As we can read in the statement that the company has sent to the media, Spotify claims to be growing twice month by month than Apple Music. In addition, he also states that the monthly commitment is twice as high and that his cancellation rate has been cut in half in recent quarters.

The areas where the company has grown the most are Latin America, Southeast Asia and India, where Apple reduced the price of the subscription a few months ago to be equipped at the same price that both Spotify and YouTube Music offered, but it seems that it was too late a move and the citizens of the country continue to associate everything Apple offers as outside the economy your pockets.

The latest official figures we have about the number of Apple Music subscribers correspond to the month of June. As of June 30, the streaming music service of Apple has 60 million subscribers. Since then, we have not had any official figures about the number of Apple Music subscribers.


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