Spotify Expects to Hit 450 Million Listeners By October

Spotify expects that its active listener base will hit 450 million by October, the music streaming service  said in its second-quarter earnings report Wednesday, after finishing June with 188 million subscribers and 433 million active listeners who visit the service at least once a month. 

Even as Spotify girds for the possibility of economic slowdown, “it’s hard to be anything but optimistic given what I’m currently seeing,” CEO Daniel Ek said during a call to discuss results.  The latest figures reiterate Spotify‘s dominance in subscription music around the world. Its No.

2 competitor, Apple Music, doesn’t routinely disclose its paid membership and hasn’t offered an update in more than three years, obscuring just how much of a lead Spotify may have. Back in June 2019, Apple said its service had 60 million subscribers. (According to music industry researcher MIDiA, Apple holds about 15% of the world’s subscription music market; Spotify’s share is more than double that.) Looking ahead, Spotify also predicted that it will have 194 million paid subscribers by the end of the third quarter.

Sweden-based Spotify reported a loss of 125 million euros (£127 million), or 85 cents a share, widening from a loss of 20 million euros, or 19 cents a share, a year earlier. Revenue climbed 23% percent to 2.864 billion euros in the quarter. Analysts surveyed by Refinitiv estimated a 63 cent loss on 2.813 billion euros in revenue. 

Spotify stock was up 7.7% at £112 a share in recent premarket trading. 

Tags:

deezer listed on couponmatrix.ukfree-now listed on couponmatrix.ukmodibodi listed on couponmatrix.ukparfum-dreams listed on couponmatrix.ukthe-montcalm listed on couponmatrix.ukudemy listed on couponmatrix.uk
deezer listed on couponmatrix.ukEnjoy the music you love, anytime, anywhere with Deezer. Whether you’re on the way to work, dancing in your room, or trekking up a mountain, Deezer lets you hold as much music as you want in your pocket. Save with our Deezer offers and download the hottest tracks without breaking the bank. Don’t settle for buying individual songs - build a whole library of all your best songs with Deezer and chop and change as often as you want.
free-now listed on couponmatrix.ukPair yourself up with the next ride home with the experts at FREE NOW, the European transport company that’s been connecting customers with licenced taxis for over ten years. Available in selected cities across the countries, you can make your convenience cheap to boot with a FREE NOW promo code from us. Hard night on the town, after-work party or a day out with the family, whatever your situation may be, let Free Now get you home.
modibodi listed on couponmatrix.ukModibodi is the UK’s #1 leak-proof underwear brand. Tackling periods, pee and perspiration, Modibodi combines cutting-edge technology with a comfortable, flattering fit create leak-proof underwear that really works! Created to support a range of needs, Modibodi don’t take a one-size-fits-all approach—you’ll find designs for women, men and teens, with different styles and absorbency levels, too. Make the most of a Modibodi discount code to save big on a pair—trust us, they will change your life.
parfum-dreams listed on couponmatrix.ukEmbrace the smoothest skin and the finest fragrances with Parfum Dreams, suppliers of skin treatments, perfumes, cosmetics and all else you need to feel your finest. With scents both exotic and familiar to pick between, you’re bound to find your ideal aroma to shop and save on with a Parfum Dreams discount code. Whether you’re looking to enhance your health or perfect your look, Parfum Dreams has the means to make it happen.
the-montcalm listed on couponmatrix.ukWhen you want modern luxury combined with a timeless aesthetic, you’ll find few better option than The Montcalm hotels. Designed to be as comfortable as they are wondrous, there are over half a dozen hotels across London to book for a bargain with the latest Montcalm discount code. With high-class food to indulge in, delicious wines to taste and spacious rooms in which to unwind, class and comfort exude from every element of The Montcalm hotels. If The Montcalm is always first on your mind when looking for overnight accommodation in London, then you could save dividends by signing up The Montcalm Club. Completely free to join, The Montcalm Club gives all its users a 10% discount when booking directly with the hotel, a saving that can seriously scale with multiple visits. Top that with the ability to earn extra perks – such as complimentary upgrades, special in-room facilities and member-only offers– and you’ve got a no brainer for any Montcalm fan. The Montcalm is always providing new ways to give customers even better value from their investment, be it by pairing services together at a reduced rate or offering percentage discounts on consecutive stays. On the odd chance you don’t find an offer to suit your stay, turn to Groupon for a Montcalm promo code that’ll guarantee a great price on your booking. So if you’re fancying a little extra pampering whilst visiting, see if you can pair your room with a massage or three-course meal at a discount.
udemy listed on couponmatrix.ukBuild up your skills with a brand new online learning course from Udemy. With more than 80,000 courses to choose from in a range of subjects stemming from the arts to AI technology, your brain will be bulging with knowledge and facts to share with friends. Use an Udemy discount code to make a saving on your next e-learning programme and start ticking off those bucket list skills you’ve been wanting to learn today!