Spotify earning’s for the third quarter 2018 show it has increased its number of subscribers, keeping it ahead of Apple Music.
Spotify increased the number of paying subscribers
The Swedish music streaming service added 4 million new users in the last quarter. It now has 87 million monthly subscribers, a 40% year-on-year increase. It has 191 million monthly users, a 28% increase from the same time last year. It has also increased non-paying subscriber numbers by 20% to 109 million.
Apple is seemingly lagging behind in the battle for people’s ears. Results from April showed Apple Music had 50 million paying subscribers. Spotify is boosted by a deal with Samsung in which it is installed for free on its smartphones.
Revenues were up 31% and the firm’s results showed that it has dramatically cut its losses from $90 million to $6 million.
Apple has to GET OUT OF MUSIC. Ever since Apple lied to Apple Corp about never getting into the music biz, they have been karma-wise f’d up. Apple took a GREAT music player/app called iTunes and bollocks it. I am so glad I still have redundant Macs to prove how bad Apple runs their co. I still have thousands of free music channels on my Snow Leopard Mac – why don’t you???? They could make some coin on ads if they got their act together and went back to the great iTunes of yesterday. I believe the artist should get… Read more »