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Spotify hits 100 million users

Swedish streaming music service hits major milestone, but still operating at a loss
By: Sean Ridgeley | Apps News | Posted: Jun 20, 2016 7:23 pm
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Spotify's last user count was 75 million; this week it confirms it's hit the 100 million mark.




What's more, 30 million of those are paid subscribers, meaning the service is bringing in $300 million each month even before advertising revenue. It's not all roses, though: the Swedish company spends over 80 percent of its revenue on rights and is yet to show a profit. Last year it reported an operating loss of $209 million, up from $165 million the previous year.


Meanwhile, Apple Music claims 13 million paid users.


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