Amazon Music subscriptions are up 104% year-on-year

The latest Q1 2020 streaming subscriber stats from Counterpoint Research confirm previous reports, with Spotify and Apple Music dominating the space, as well as increadible growth from Amazon.

Last month’s Q1 market share stats from MIDiA found Spotify, Apple Music and Amazon Music taking the top three spots in premium music subscriptions. The latest findings from Counterpoint Research’s revenue share back up this data. With minor differences between the two estimates, the underlying theme of subscription and revenue growth is true in both. For official stats, see IFPIs listening report from 2019.

Counterpoint

Counterpoint Research report 394m music subscriptions globally, which is up 35% year-on-year growth. Spotify represent 33% global subscriptions with a 30% revenue share, and Apple Music showing 21% and 25% respectively. Amazon Music more than doubled from the previous period last year, with a 104% year-on-year growth and 12% market share. YouTube Music at 9% and Pandora at 5% hold fourth and fifth place with respectable shares.

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