Spotify now has 286 million monthly active users, the company announced in its latest set of results. In total, the music streaming service now has 130 million paying subscribers, far exceeding Apple Music (via Techcrunch).
Spotify now has a million podcasts in its catalog
Overall, Spotify has generated approximately $ 2 billion in revenue. In addition to the 130 million paying subscribers, it had 163 million users supported by advertising. Interestingly, these ad-supported users increased 32%, compared to a 31% increase in premium subscriptions. In its note to shareholders, the company said:
Despite the global uncertainty surrounding COVID-19 in the first quarter, our activities met or exceeded our forecasts for all the main parameters.
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In addition, Spotify’s podcast catalog has exceeded one million, adding further pressure on Apple.