Streaming service Spotify hits 100 million paid user mark

COPENHAGEN — Music streaming service Spotify said Monday that its paying subscribers have reached 100 million for the first time, up 32% on the year and almost twice the latest figures for Apple Music.

The Stockholm-based company called the figure, which was reached during the first three months of 2019, “an important milestone.”

The growth was driven, among other things, by “a better-than-planned promotion in the U.S. and Canada.” Spotify said it had reached “the high end of our guidance range of 97-100 million.”

By comparison, archrival Apple Music had about 50 million paying subscribers at the end of 2018, the latest available figures. Apple is expected to release new figures with its earnings report on Tuesday.

The number of Spotify’s total monthly users, which includes those who do not pay a monthly subscription fee but use the service with intermittent ads, rose to 217 million in the first quarter.

The strong growth in its user base led to a 33% rise in revenue, to 1.5 billion euros ($1.7 billion). Yet like many tech companies focusing on building market share, the company continued to lose money, reporting an operating loss of 47 million euros.

Spotify says that voice speakers like Google Home and Alexa are a “critical area of growth” and is looking to invest more in podcasts to supplement its offering of music.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Stettler son accused of murdering his father

The RCMP have laid charges against a son charged with killing his… Continue reading

Canada to give $25,000 to families of each Canadian who died on Flight PS752

OTTAWA — Families of the Canadian victims on the Ukrainian passenger jet… Continue reading

Ottawa to avoid selling Trans Mountain pipeline so long as risks remain

OTTAWA — The federal government is studying the best options for Indigenous… Continue reading

Beware of Bitcoin scammers

Red Deer butcher and bistro spreading the word about bitcoin scams

RCMP arrest two suspects in November armed robbery in Innisfail

RCMP searching for Devyn Michael Hendriksen

Fashion Fridays: Look your best this year

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

Your community calendar

Jan. 16 Red Deer Branch of the Alberta Genealogical Society monthly meeting… Continue reading

Local Sports: Aussie connection paying off for RDC Kings

The RDC volleyball Kings have put together a nice pipeline with Australia.… Continue reading

Anthony Cirelli scores first career hat trick, Lightning beat Jets

Lightning 7 Jets 1 WINNIPEG — Anthony Cirelli scored his first career… Continue reading

Canada to give $25,000 to families of each Canadian who died on Flight PS752

OTTAWA — Families of the Canadian victims on the Ukrainian passenger jet… Continue reading

Ottawa to avoid selling Trans Mountain pipeline so long as risks remain

OTTAWA — The federal government is studying the best options for Indigenous… Continue reading

Henderson, Inbee Park tied for lead in LPGA season opener

LAKE BUENA VISTA, Fla. — Canada’s Brooke Henderson parlayed four birdies and… Continue reading

Drury leads host Canadian ski cross team into chilly World Cup at Nakiska

NAKISKA, Alta. — It’s too cold for penguins, but not for ski… Continue reading

Most Read