Entertainment4 sources

Spotify Reaches 306 Million Subscribers in Q3, Expects 316M by Year-End

  • Spotify ended Q3 with 306 million paying subscribers, up 9% from the previous year.
  • Monthly active users increased by 11% to 788 million.
  • Revenue grew 16% to €4.97 billion, or 14% at constant exchange rates.
  • The company added 6 million subscribers in Q3 and expects to reach 316 million by year-end.
  • Spotify's ad-supported side saw a net addition of 11 million monthly active users.
Spotify Reaches 306 Million Subscribers in Q3, Expects 316M by Year-End | Split Angle