How many people pay for Spotify Premium? The company details its accounts

Spotify has revealed in its accounts the number of people who pay for a “Premium” subscription.

It is the most famous music streaming platform in the world, but, How many people really pay to use Spotify? taking advantage of the publication of their accounts corresponding to the third quarter of this year 2022, Spoify has confirmed the number of subscribers of its “Premium” modalitywhich each month pay a fee in exchange for access to the complete catalog of the service and all its tools, without any type of advertisement.

In this sense, it should be mentioned that Spotify’s results in this third quarter of the year have been positivesince the expectations of users subscribed to Premium by an amount of one million have been exceeded, and it is dangerously close to surpassing the barrier of the 200 million.

The Spotify app icon

Spotify remains the most popular music streaming platform

Spotify wants to exceed 200 million Premium users before the end of the year

At the end of the third quarter of the year, Spotify achieved a total of 195 million paying subscribers of your service. One million more than originally planned, and 13% more than last year.

Thus, the company has set itself the goal exceed 200 million Premium subscribers before the end of the year. It is worth mentioning that, today, the platform has a total of 456 million active users each month, a figure that grows annually at a rate of 20%.

Nevertheless, investors do not seem entirely satisfied with the results, and after the announcement, Spotify share price suffered a drop of 99 cents per share, slightly higher than the 85 cents per share that analysts expected.

Aside from that, Spotify has announced some profits of 3,040 million euros, exceeding the 3,020 million that analysts had forecast.

Today, Spotify offers four Premium subscription modalities, including a family plan, a cheaper student plan, one for two people, and an individual plan. In the future, the company is expected to launch the long-awaited high-quality plan called Spotify Hi-Fiwhich supposedly would have a price close to 20 euros per month.

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How many people pay for Spotify Premium? The company details its accounts