Spotify Share Positive Q4 2019 Results

Today, Spotify unveiled their Q4 2019 earnings report.
Highlights of the report include;

  • Monthly Active Users has increased 31% year over year – now to 271M. 124M being paid subscribers.
  • 8% increase in gross profit from Q3, from $441M to $474M
  • Over 700K podcast titles available.
  • Podcasts hours streamed up 200% YoY
  • Introduction of podcast ads.
  • Over 16% of MAU’s engage in podcasts.
  • Expansion into India.
  • Partnering with Obama’s production company.
  • Over 500K artists and creators logging into Spotify for Artists.

All in all, Spotify is consistently increasing not just financially but as a business, expanding into new areas. With significant investments into podcasts in 2019, we should see that pay off throughout 2020. We should also see consistent growth with MAU and financials. Spotify is the leader in music streaming and that should remain so for the foreseeable future.

You can see the report in greater detail here.

FOLLOW US

557,288FansLike
7,653FollowersFollow
451FollowersFollow

FEATURED STORIES

JOYRYDE Finally Releases Debut Album ‘BRAVE’ And It’s Worth The Wait

Originally aimed to be released November 30th 2018, JOYRYDE's debut album 'BRAVE' has finally come to fruition. The...

RELATED STORIES

Reports Suggest Tomorrowland 2020 Will Be Cancelled

With events such as SXSW, Coachella and Ultra Music Festival having been cancelled around the globe in light of the Coronavirus pandemic,...

Spotify Begins To Roll Out New ‘Follow Feed’ Feature

Today Spotify has started rolling out a brand new feature which will no doubt be a game-changer for artists and listeners. Till...

The Best Songs About Corona Virus / COVID 19: Cardi B, DJ Snake, Ramengvrl, Rich Brian, Psychs, Yofrangel & More

Popular current events have throughout history been the source of inspiration for artists, and right now it's hard to have a conversation...

NEWSLETTER SIGN UP

Get the latest news, exclusive offers and special announcements right to your inbox