Premium is a paid monthly subscription option that offers unlimited song skipping, listening without ads, HQ audio, listening to any track and listening offline.Īccording to Statista’s Spotify listener data, the streaming service has 113 million premium subscribers, up from 87 million during the same quarter the year before. Spotify’s business model relies on offering two separate options to listeners, free and Premium. Spotify has 113 million premium subscribers. According to Spotify stats presented by Statista, the company generated $1.92 billion in Q3 2019, an increase from $1.85 billion earned in Q2.

Spotify’s quarterly financial reports show that the company’s revenue is on the rise and that it will be one of the leading apps in revenue. Spotify generated $1.92 billion in revenue in the last presented quarter.

This is almost double the number subscribed to Apple Music and several times more than other competitors such as Amazon, Tencent or Deezer. According to Statista’s Spotify yearly stats, 36% of global music streaming subscribers have a subscription with Spotify. While Spotify faces competition in certain regional markets, it seems to be doing great in the overall global market. Spotify has a 36% share of the global music streaming market.

Spotify account stats