Spotify hits 306 million subscribers and expects 316 million by year end
Spotify subscribers should reach 316 million by year end, the company forecasts, as it starts making some Family plan members prove they live together. It also launched a native car app with Audi.
Via TNW | Spotify
Spotify ended the third quarter with 306 million paying subscribers, up 9% from a year earlier, according to its third-quarter update, published on Thursday. Monthly active users rose 11% to 788 million. Revenue grew 16% to €4.97 billion, or 14% at constant exchange rates.
Spotify subscribers grew by 6 million in the quarter, a million more than the company had forecast. Users of the free, ad-supported tier rose 12% to 499 million.
“Our business performed well in Q3, with all…
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