Music streaming service Spotify has announced its latest financial results for its second financial quarter of 2018. The company has revealed that it now had more than 83 million paid subscribers, this is up 8 million from the previous quarter.
The company also revealed that it has a total of 180 million active monthly users, the company has said that a lot of its growth has come from its family plan.
Today Spotify is reporting results for Q2 2018. The quarter was largely in line with our expectations, with some metrics performing at the high end of our guidance range.
We finished the quarter with 180 million Monthly Active Users (“MAU”) and 83 million Premium Subscribers, up 30% and 40% respectively, Y/Y.1
You can find out more information about the financial results for quarter two from Spotify over at their website at the link below.