Internet3.03.2017
Spotify subscriber numbers hit 50 million
Spotify has reached 50 million subscribers, growing 25% in under six months.
It growth extends Spotify’s lead over Apple Music, its nearest rival, which had 20 million subscribers in December, reported Reuters.
While TechCrunch reported that Spotify has not yet turned a profit, as it spends capital to grow internationally, it is considering a US stock market listing.
Spotify plans to move its New York office from the Midtown area of Manhattan to the World Trade Center, and hire over a thousand people.
Now read: Spotify to acquire SoundCloud: report
Don't miss the latest news
Show comments
Loading ...