During the first quarter of 2020, Total paid subscribers to Spotify has grown to 158 million, which is 21% more than in the same period of the previous year. However, it warns of the uncertainty of its expansion in the future in countries such as India, one of the last markets it has reached and where they are experiencing increases in COVID-19 cases, so they cannot predict what it will be like. growth in the coming months.
Average revenue per user fell 7% year-on-year to 4,12 euros. The company attributes the decline to lower prices in new markets and discounted plans designed to attract new subscribers, something that it will offset in the coming months. with the announcement of the increase of the quotas in some European countries.
Total Spotify Subscription Revenue they increased by 14%, to 1.930 million euros. Consumption per user grew in developed regions while developing regions "showed signs of improvement, but remained below pre-COVID levels."
Although Apple Music is the second most popular music streaming service after Spotify, or at least it should be if the growth figures predicted by some analysts are confirmed that They target about 70 million subscribers today.
It should be remembered that since July 2019, when Apple announced that had reached 60 million subscribers, the company has not commented on the matter again.
Amazon, for its part, announced in early 2020, combining all the modalities offered by music (subscription without ads, playback with ads and Amazon Prime Music) in streaming, had 55 million users a figure that must have increased in the last year although Jeff Bezos' company has not updated that figure again.
