Spotify has announced its financial results for the July-September period, and its performance is better than expected. The music streaming platform currently has a total of 320 million monthly active users (MAUs), up 7% from the 299 million MAUs reported at the end of the second quarter, and up 29% from the third quarter of 2019. I am.
The number of premium users is currently 144 million, an increase of 5% from the previous quarter and a remarkable growth of 27% per year.
Spotify Q3 results
These numbers position Spotify as a runaway leader in the music subscription services category, well above Apple Music, which was last reported with 60 million users in July 2019. By region, Europe accounted for 34% of all MAUs in the third quarter. This is followed by North America with 25%, Latin America with 22%, and the rest of the world with 19%.
In the future, Spotify predicts that by the end of 2020, it will reach 340 million to 345 million MAU with 150 to 154 million paying users.
