Spotify hits 100 million users

Swedish streaming music service hits major milestone, but still operating at a loss.

@seanridgeley
Published Mon, Jun 20 2016 2:23 PM CDT   |   Updated Tue, Nov 3 2020 11:59 AM CST

Spotify's last user count was 75 million; this week it confirms it's hit the 100 million mark.

Spotify hits 100 million users | TweakTown.com

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.

NEWS SOURCE:reuters.com

Sean has a background in journalism, and has been using that to write about gaming and tech since 2008 - first for Neoseeker, then Rage3D, and now, TweakTown. As News Editor, Sean's job is to supply regular stories on the latest happenings in the tech world. He also writes tweak guides to help you get the most out of your PC games and hardware.

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