Spotify's monthly active users up 19% YoY to 381M

Wednesday, 27. October 2021 12:01

Spotify Technology S.A. unveiled on Wednesday that its number of total monthly active users (MAU) for the third quarter of 2021 increased 19% year-over-year reaching 381 million.

For the entire quarter, a total of 16 million MAUs were added, driving double-digit yearly growth in all regions. When it comes to premium subscribers, 7 million premium subscribers were added to bring the total number of premium subscribers to 175 million and constituting a per annum growth of 19%.

Total revenue grew 27% year-over-year to €2.5 billion. Premium revenue and ad-supported revenue both saw strong yearly gains this quarter, increasing 22% and 75% respectively to €2.18 billion and €323 million.

Spotify shares were up by 1.35% following the release of the report.

Related Links: Spotify Technology SA
Author:
Baha Breaking the News (BBN) / OL