Spotify launched its monetary outcomes for the July-September interval and efficiency is healthier than anticipated. The music streaming platform now boasts a complete of 320 million month-to-month lively customers (MAUs) which is up by 7% from the 299 million MAUs it reported on the finish of Q2 and 29% greater than Q3 2019.
Premium customers now quantity 144 million, which is a 5% improve over the earlier quarter and a powerful 27% yearly development.
Spotify Q3 monetary outcomes
These numbers nonetheless put Spotify because the runaway chief within the music subscription companies class, effectively forward of Apple Music which was final reported at 60 million customers again in July 2019. On a per area base, Europe accounted for 34% of all MAUs throughout Q3 adopted by North America at 25% and Latin America at 22% whereas the remainder of the world contributed 19%.
Wanting ahead Spotify predicts it can reachg 340-345 million MAUs with 150-154 million paid customers by the tip of 2020. Spotify is now accessible in over 92 markets across the globe and boasts a powerful 60 million tracks.