Stockholm (Reuters) – The music streaming market leader Spotify has not won in the last quarter as many paying users as hoped. Within three months, the number of subscription customers increased from 100 to 108 million. While this was in the context of the forecast margin, Spotify was aiming for about a Million more.
The company stressed at the same time, the reason was not a weakness of the market, but home-made problems in the distribution of student subscriptions. For the fourth quarter of Spotify will have up to 125 million paying users.
The subscription customers are extremely important to Spotify – you brought the Streaming service 90 percent of the total turnover of around 1.67 billion euros. The revenue also grew year-on-year by 31 percent. The bottom line is that Spotify wrote to the red, reduced the loss of 76 million euros from 142 million a year earlier. The Spotify-share lost in the premarket US trading, a good three per cent.
most of The Spotify users have access to the Free Version of the service with ads and a limited set of functionality. The total number of users grew within a period of three months from 217 to 232 million, and thereby exceeded the forecasts of Spotify. The average revenue per user was 4,86 Euro 4,71 Euro in the first quarter.
Spotify had recently invested heavily in Expanding its Podcast offerings, and it shows. The number of Podcast users is increased within three months to 50 percent and have doubled since the beginning of the year, it said.
Spotify is the clear number one in the music streaming, Apple’s Music follows with a good 60 million subscription customers. The iPhone group dispensed with his services on a Free variant. Spotify boss Daniel Ek said in a conference call with analysts as a swipe at Apple, his company waxes twice as fast as the nearest competitor.
Reuters topics in this article Spotify Stockholm Podcast Apple’s New in Digital Hack Instantly update! Fatal error allowed iPhone-Acquisition via SMS By Malte Mansholt display star travel worlds Sicily in the spring with flight and half Board from € 899,- quarter numbers for Apple and the iPhone: Tim Cook rips and tears the rudder From the painted Mans a Lot of Fans get disappointed Chinese blogger offers your youthful appearance – then the Filter is composed of drug deals, Sex, Doctor visit the Apple is more intimate Siri-records companies – so you can get the Parking Of painted Mans 23 per cent, Plus Huawei is growing in spite of U.S. sanctions rapidly and makes ready for the crash Of the painted Mans weapons in space, “Star Wars”plans from Paris: Macron Holt wants to Fortnite French satellites with laser weapons to equip By Gernot Kramper world Cup in New York-Vice world champion made his mother and her gambling-crazy – now he is hear with 15 millionaire vibrations instead of Calling The word without words: Researchers are developing a remote control for dogs By Malte Mansholt New study To 99.98 percent visible again: Why is our data in the network are not anonymous By Malte Mans contribution to the Sunday “wide world of sports brings”presenter annoyed spectator with the remark about “Fortnite” – and DPA to justify 40 new Levels of Mahjong – free to play! Play 16-year-old Gamer “Bugha” Teenager’s bags with “Fortnite”-world Cup record profit sparks and flames woman gets the fright of your life: Powerbank exploded in the backpack Involuntary laugh, “you Move your elephant’s body to me?” – the funniest Whatsapp-auto corrections-Streaming of The most successful Film of all time and Clown-Horror: coming to Netflix, and Amazon Prime By Malte Mansholt escape through the Caribbean weapons, jail and presidential candidate: The bizarre life of computer pioneer McAfee Of Rune Weichert modem division purchased billion Acquisition: Intel to iPhone Apple-securing the future Of Malte Mansholt Between 45 and 130 euros the Best Sound in the sun: These Bluetooth boxes Stiftung Warentest Of painted Mans recommends to get a bargain? Galaxy A10 at Aldi: What is the Samsung Smartphone is good for 139 euros? By Malte Mans Samsung brings To verpatztem Start in April, folding the phone comes out in September, DPA “Flyboard Air” “rocket man” crashes into the English channel – historic Crossing failed, for the time being