Spotify has hit 113 million paid subscribers, according to its latest financial update, Music Business Worldwide reported. Â Apple Music hit 50 million paid subscribers in the final quarter of 2018.
The subscriber numbers were confirmed in a Q3 financial update today (October 28), in which SPOT confirmed that its premium subs count was up 31% year on year (on the same three months, to end of September, in 2018). The 113m is comfortably within the firm’s guidance range of 110-114m for Q3. The average paying Spotify subscriber across the world (ARPU) in Q3 2019 paid €4.67, down 1% YoY, but actually down 3% excluding the impact from foreign exchange rates. SPOT’s global Q3 Monthly Active User count (248m) was up 30% year-on-year, and up by 16m people quarter-on-quarter.
Check It Out: Spotify Reaches 113 Million Paid Subscribers
