Spotify announced today that it now has 140 million users, up from 100 million exactly a year ago.
Today we're happy to announce 140 million users on Spotify! To put it another way, that's one million for every single character in this twe
— Spotify (@Spotify) June 15, 2017
3 months ago, on March 2nd, 2017, Spotify released news that they have 50 million subscribers at $9.99/month. If you do the math, this comes out to around 500 million dollars generated monthly for music-service app.
Thank you to our 50 million subscribers. #Spotify50 pic.twitter.com/eXkOV71bwu
— Spotify (@Spotify) March 2, 2017
Spotify was founded out of Sweden in 2008 and has emerged as the number 1 music-streaming app for everyone. The app is freemium meaning you don’t have to upgrade unless you want to.
Spotify has not yet decided whether or not the company will go public. It is, however, looking increasingly likely that the company will go public next year ensuring advertising revenues grow ahead of its IPO.
