Spotify Has Just Passed 60m Paid Subscribers

Back in early March, Spotify officially confirmed that it had reached the coveted 50 million paid subscriber mark. Shortly after in mid-June they officially announced that the total user base for Spotify was up to 140 million users monthly.

Now it looks like they’re really putting the pedal to the metal having confirmed today to Music Business Worldwide, just months after hitting 50 million paid, that they’re now up to 60 million paid monthly users. An incredible growth of 10 million paid subscribers in under 5 months.

With Spotify supposedly set to launch a direct listing on the New York Stock Exchange later this year the more subscribers they can bring onboard to help their IPO valuation the better.

Spotify is also supposedly set to have passed the 100 million free users mark as well in the last few months.

 

H/T: Financial Times

This article was first published on Your EDM.
Source: Spotify Has Just Passed 60m Paid Subscribers

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