Spotify Reaches 100 Million Subscribers, 30 Million Paid, Double Apple Music

Source: www.iclarified.com --- Monday, June 20, 2016
Spotify has announced that the company has crossed 100 million subscribers with 30 million of those paid being paid subscribers, reports The Telegraph. Based on those numbers the company is adding 1.8 million users to its service each month. Spotify's revenues rose 80% to €1.95bn (£1.5bn) last year but its losses also rose by 10% to €173m. “The economics of the freemium tier remain challenging and every single freemium user is lossmaking on a gross margin basis,” said Alice Enders of Enders Analysis. “What’s heartening is it is paying off in terms of subscribers. We think it’s made very good progress this year.” Share Article: Facebook ,    Twitter ,    LinkedIn ,    Google Plus ,    Email ,    Reddit ,    Digg ,    Delicious ,    StumbleUpon Follow iClarified: Facebook ,    Twitter ,    LinkedIn ,    Google Plus ,    Newsletter ,    App Store ,    YouTube Advertise Here ...

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