Paid Music Subscribers Growing Fast – Spotify Still The Leader

Paid music subscriptions increased by 32 percent in 2019 to reach 358 million.

  • Spotify at 35% market share
  • Apple Music 19%
  • Amazon 15%
  • Tencent 11%
  • YouTube Music 6%
  • Remainder 14%

Source: Counterpoint Research

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Tencent Music’s Q2 financial results show 47.1m paying music users

Tencent publish their Q2 financial results, showing very impressive subscriber, revenue and profit growth in 2020. Tencent Music Entertainment’s Q2 financial highlights are as follows: Online music paying users grew 51.9% year-over-year to 47.1 million,…