Spotify is first music streaming service to 100 million paid subscribers compared to Apple Music’s 50 million. More than 100 million users worldwide now pay for Spotify Premium, the company has announced.
Spotify reached the milestone by growing paid subscribers by 32-percent year-on-year. Including free subscribers, Spotify now has a total of 217 million monthly active users worldwide. That includes two million Indian users who joined after the company launched its service there in February.
The company issued a statement about their recent influx, breaking citing their success as being “driven by a better-than-plan promotion in the U.S. and Canada and continued strong growth in Family Plan.”
However, Spotify is still losing money despite its subscriber growth. The company posted a loss of $158.3 million for the January to March quarter, compared with a loss of 169 million in the same period last year.