Spotify now has nearly 300M monthly active users, 138M subscribers

published 29.07.2020 16:01

In its latest Q2 results Spotify stated: Our business performed well in Q2 and continues to operate at a high level despite the continuing uncertainty surrounding the COVID-19 pandemic.

As mentioned, the results show Spotify now boasts 299 million monthly active users, a 29% increase on last year.

Reflecting on the pandemic, Spotify says that listening activity has now returned to pre-COVID levels everywhere except in Latin America, where listening is down around 6%.

Despite growing figures, Spotify's ad revenue fell by 21%, as COVID-19 continues to impact the sector.

Spotify says the "higher-than-expected" charges relate to strong gains in Spotify's stock price and came in 126 million euros higher than planned.

by Stephen Warwick from

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