Spotify said that monthly active users-a key metric-grew to 356 million in the first three months of 2021, a 24% rise compared with the same period in 2020. Why the Music-Streaming Company’s Latest Estimates Are Worrisome. The platform is home to the high-profile show “The Joe Rogan Experience,” as well as “Renegades: Born in the USA,” which features former PresidentĪlso: Spotify Has Had Stellar Growth. Having pioneered music streaming, Spotify is now pushing into podcasts. Streaming platforms fromĪnd some smaller rivals are putting pressure on Spotify, which has lashed out against Apple in particular over alleged anticompetitive practices with the App Store. Between the fourth quarter of 2019 and the end of 2020, Spotify added 74 million monthly active users-a key metric-and 31 million paying premium subscribers, which are the major contributor to revenue.īut the group faces increasing competition from larger rivals in Big Tech. Spotify saw breakneck user growth through the Covid-19 pandemic, as millions of housebound people turned to digital alternatives.
As with other entertainment platforms, like film and television streamer
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