GSMArena.com GSMArena.com

Tip us

888k

156k
74k
1.1m

RSS

Log in

Login

I forgot my password
Sign up
  • Home
  • News
  • Reviews
  • Videos
  • Featured
  • Phone Finder
  • DealsNew
  • Tools
  • Coverage
  • Contact
ADVERTISEMENTS

Spotify sees massive increase in subscribers in Q2, reaches 299M

  • Post your comment
  • Comments (20)

Yordan 30 July 2020

Spotify Android iOS

Spotify has shared its Q2 2020 financial report and it shows the Swedish streaming platform increased its Monthly Active Users (MAU) to 299 million - an impressive 29% increase on a yearly basis and 5% more than Q1 2020.

Income from Premium subscribers also increased, while a decline was seen only in Free Cash Flow, mainly due to the “continuing uncertainty surrounding the COVID-19 pandemic.”

Users (in million) Q2 2019 Q1 2020 Q2 2020
Total Monthly Active Users (MAU) 232 286 299
Premium Subscribers 108 130 138
Ad-Supported MAUs 129 163 170

The results Spotify posted were, as the press release puts it, "at the top of the guidance range”. Growth in North America exceeded expectations with an increase in users and income being on a steady pace since 2019.

India is also a market where Spotify outperformed expectations, with the key reason being “strong performance from marketing campaigns in the region”. Latin America and Rest of the World markets see the fastest growth, with respective 33% and 58% increase on a yearly basis.

Spotify report for Q2 2020 sees massive increase in subscribers, users are now 300M

While April and May saw slower than expected growth in the latter two regions, they rebounded in June as reactivations increased. Expectations were high both for LATAM and Rest of the World, but the success in North America helped to offset the result.

Spotify revealed as of June 30, global consumption hours have recovered to pre-COVID levels. All regions have fully recovered, and Asia Pacific and EU have led the change since these are the first markets where the virus spread appears to be slowing. Platform-wise, in-car listening at the end of Q2 was down 10% from pre-COVID, compared with a 50% decline in April.

Source (pdf)

Related articles
  • Spotify launches video podcasts on free and premium tiers Spotify launches video podcasts on free and premium tiers
  • Spotify coming to Russia and 12 more markets, mostly Eastern Europe Spotify coming to Russia and 12 more markets, mostly Eastern Europe
  • Spotify Premium Duo plan allows two accounts to share one subscription Spotify Premium Duo plan allows two accounts to share one subscription
  • Spotify launches synchronized lyrics in 26 new markets Spotify launches synchronized lyrics in 26 new markets

Reader comments

G
  • GeeSquer4U
  • 2SP
  • 09 Aug 2020

Just download from any trusted apk stores. Won't it work that way?

  • Reply
G
  • GeeSquer4U
  • 2SP
  • 09 Aug 2020

Keep your comments deep inside you heart itself please. Spotify is the leader in music market. Their app is very much polished and they are first set of music streaming apps that too free to listen where Amazon or play music like services ask premium...

  • Reply
H
  • Harry
  • 3FP
  • 01 Aug 2020

There is an idea Spotify to be added to Huawei's AppGallery. It's still don't there, but you could help that to happen soon. Please, vote for the idea - https://community.spotify.com/t5/Live-Ideas/Android-Other-Add-Spotify-to-Hua...

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 20

ADVERTISEMENTS

Phone finder

  • Samsung
  • Apple
  • Huawei
  • Nokia
  • Sony
  • LG
  • HTC
  • Motorola
  • Lenovo
  • Xiaomi
  • Google
  • Honor
  • Oppo
  • Realme
  • OnePlus
  • vivo
  • Meizu
  • BlackBerry
  • Asus
  • Alcatel
  • ZTE
  • Microsoft
  • Vodafone
  • Energizer
  • Cat
  • Sharp
  • Micromax
  • Infinix
  • Ulefone
  • Tecno
  • BLU
  • Acer
  • Wiko
  • Panasonic
  • verykool
  • Plum

All brands Rumor mill

ADVERTISEMENTS

Top 10 by daily interest

  Device Daily hits  
1.Xiaomi Mi 11 Ultra40,485
2.Sony Xperia 5 III40,377
3.Xiaomi Redmi Note 10 Pro38,217
4.Samsung Galaxy Quantum 234,804
5.Xiaomi Redmi Note 1030,144
6.Xiaomi Poco F329,105
7.Xiaomi Poco M3 Pro 5G28,817
8.Xiaomi Poco X3 Pro27,085
9.Samsung Galaxy A7226,039
10.Samsung Galaxy A52 5G24,998
ADVERTISEMENTS

Home News Reviews Compare Coverage Glossary FAQ RSS feed Youtube Facebook Twitter Instagram

© 2000-2021 GSMArena.com Mobile version Android app Contact us Privacy Terms of use Change Ad Consent Do not sell my data