The streaming music platform has just announced its financial results for the last three months, an announcement that it is forced to make every three months in order to inform all investors now that it has gone public. Days before it went public, certain documentation related to the process was leaked, stating that the company had 71 million paying subscribers.
That was a month ago. The Swedish company has just announced that the number of paid subscribers is 75 million, four million more than the figures that were leaked a month ago. The number of users of the free version has also increased, like every month, thus reaching 99 million, so if we add both figures, the number of users using Spotify today is 174 million.
But not only has the company gained in number of subscribers, but also and as expected, has reduced losses, going from losing 139 million last quarter to 41 million dollars last quarter. Since the beginning of the year, Spotify has increased the number of users by nine million, figures that are not bad at all, considering the evolution that the streaming music market is having.
Spotify's forecasts for this year show us how the company has in mind to reach 100 million paying subscribers. The latest figures from Apple's streaming music service, Apple Music, has 40 million subscribers, all of them paying, having grown in just one month by 2 million new subscribers in addition to having more than 8 million users in the trial period.
