Image Credit: Spotify
Spotify reports their third quarter financial performance, showing them holding their place as the number one audio network in the world.
As with previous quarters, Q3 2021 has seen growing users and paying subscribers on Spotify, with a monthly active user and subscriber year-over-year increase of 19% compared to Q3 2020. Monthly active users are the total number of Spotify Free and Premium users, while subscribers are Premium users. Spotify have 209 million active Free users and 172 million paying Premium users.
See Spotify full earnings release here. Continue for Spotify’s quarterly infographic, highlighting all of the new markets, features for users and record breaking releases such as their expansion to more countries across the Caribbean, What’s New – a feed with all of the latest releases from the artists and podcasts you follow, Enhance – a song recommendation tool for your playlists, Music + Talk launching in 15 more markets, Drake’s Certified Lover Boy becoming the most streamed album in a single day, and tracks from Donda occupying the entire Spotify US top 10. These join the new updates built for creators such as interactive Q&As and polls on podcasts, DJ Mixes coming to Spotify, and Podcast Subscriptions opening to all US podcasters.
You can hear more on Spotify’s latest quarter in the webcast Q&A on the Spotify Investors site. Or tune into the latest episode of the Spotify: For the Record podcast with CEO Daniel Ek reflecting on the quarter, with Chief Content Officer Dawn Ostroff and Head of Global Advertising Jay Richman discussing Spotify’s ads business.
Finally in the article, Spotify also shared a reel of audio trailers from their top original and exclusive podcasts.