In the third quarter of 2024, the music streaming service Spotify reached an all-time high with 640 million active users worldwide. This marked an increase of around 12 percent in just one year. What is Spotify? Spotify is a music streaming service that offers digital audio content. Basic audio content can be accessed for free whereas premium user subscriptions enable users to access offline mobile content as well as listen to music without advertising. In the third quarter of 2024, the company reported 252 million paying subscribers. Launched in 2008, Spotify originated in Sweden before expanding to European markets and the United States in 2011. Spotify’s U.S. launch was strongly marketed through Facebook, with the music streaming app profiting from the social listening integration via social media. Part of Spotify’s appeal can be attributed to the user- and brand-curated playlists, which can be shared publicly or between friends. Fans may choose what to listen to based on their current mood or preference, and the ability to share such content provides an element of social connectivity ordinarily reserved for networking sites.

As of the fourth quarter of 2024, Europe accounted for 27 percent of Spotify monthly active users. The popular Swedish streaming service had a strong user base in Latin America, accounting for 22 percent of Spotify's total 675 million MAUs at that time.
Spotify Since its launch in 2008, Spotify has grown into the most widely used music streaming platform in the world, controlling over a third of the industry’s global market share. Despite being in direct competition with some of the biggest names in the tech industry, the company has managed to accumulate over one hundred million paying subscribers and millions more free and ad-supported users. Spotify has ensured that this massive userbase has led to increasing financial success. The company reported an annual revenue of around 5.3 billion euros in 2018, outpacing its 2017 figure by well over a billion dollars. Music streaming Music has always been an important form of human expression and entertainment, but never before has it been so easily accessible. Thanks to the growing popularity of smartphones and streaming services, hundreds of millions of people around the world have access to an almost unlimited library of music at the touch of a button. As of 2023, streaming accounted for 84 percent of the total music industry revenue in the United States, up from 79 percent five years earlier. This highlights the massive influence of companies like Spotify on the music industry as a whole.

34% of Spotify’s monthly active users live in Europe. That means that Spotify has 147.22 million users in the EU regions alone.

As of February 2024, Spotify has 574 million active users.

Spotify's ad-supported monthly active users reached a record high of 425 million in the fourth quarter of 2024, continuing the music streaming giant's trend of consistent growth. This figure represents an increase from 379 million users in the previous quarter, highlighting Spotify's ability to attract and retain users through it's free, ad-supported tier. The company's strategy of offering a free option alongside its premium subscription service appears to be paying dividends in terms of user acquisition. User base growth and market penetration Spotify's total active user base hit an all-time high with 675 million active users in Q4 2024, marking a surge of 73 million users in just one year. This growth encompasses both ad-supported and premium subscribers, with the latter reaching 263 million in the same quarter. The platform's expansion is particularly strong in Europe and North America, which together account for 65 percent of Spotify's premium subscribers. Europe remains Spotify's strongest market, representing 37 percent of paying users. Revenue challenges and competitive landscape Despite the robust user growth, Spotify faces challenges in monetizing its expanding ad-supported user base. The company's premium average revenue per user (ARPU) has been declining since 2017, reaching 4.69 euros in 2024. This trend suggests that while Spotify excels at attracting users, converting them to higher-paying tiers remains a challenge. The company operates in a competitive landscape that includes rivals like Pandora and Apple Music, forcing Spotify to continually innovate and improve its offerings to maintain its market position.

Paying subscribers account for about half of Spotify’s monthly active users. This is the number of paying subscribers by year that Spotify has had since 2015.

How many paid subscribers does Spotify have? As of the fourth quarter of 2024, Spotify had 263 million premium subscribers worldwide, up from 236 million in the corresponding quarter of 2023. Spotify’s subscriber base has increased dramatically in the last few years and has more than doubled since early 2019. Spotify and competitors Spotify is a music streaming service originally founded in 2006 in Sweden. The platform can be used from various devices and allows users to browse through a catalogue of music licensed through multiple record labels, as well as creating and sharing playlists with other users. Additionally, listeners are able to enjoy music for free with advertisements or are also given the option to purchase a subscription to allow for unlimited ad-free music streaming. Spotify’s largest competitors are Pandora, a company that offers a similar service and remains popular in the United States, and Apple Music, which was launched in 2015. While Pandora was once among the highest-grossing music apps in the Apple App Store, recent rankings show that global services like QQ Music, NetEase Cloud Music, and YouTube Music now generate higher monthly revenues.Users are also able to register Spotify accounts using Facebook directly through the website using an app. This enables them to connect with other Facebook friends and explore their music tastes and playlists. Spotify is a popular source for keeping up-to-date with music, and the ability to enjoy Spotify anywhere at any time allows consumers to shape their music consumption around their lifestyles and preferences.

In this blog are the latest Spotify statistics that paint a picture of how the company has succeeded so far and what’s likely to happen in the future.

By 2025, Spotify will have 100.6 million users, over twenty million more than the 78.5 million recorded in 2020. However, a gradual decline in Pandora's user base is anticipated to continue over the coming years, with the company losing two to three million active listeners per year.

Spotify and Pandora – more information Pandora

In 2018, Pandora was most popular among users aged 25 to 34 and users aged 55 or above, whereas adults in the 18 to 24-year-old age bracket was by far the company's weakest market segment. Pandora's user base may be flatlining compared to Spotify's, but Pandora’s revenue jumped from four million U.S. dollars to almost 1.5 billion in a decade, showing incredible and consistent growth during that time. Pandora generates most of its revenue from advertising, although has grown increasingly reliant on revenue from subscription services. Pandora was acquired by Sirius XM in February 2019 for 3.5 billion U.S. dollars.

Spotify In 2018, Spotify reported 5.2 billion euros in revenue, following a history of significant growth. Spotify was operating at a loss for years, but reported its first quarterly operating profit at the beginning of 2019. the company has placed a stronger focus on podcasts and will continue to do so according to industry experts and company reports, and is one of the most popular podcast providers in the United States.

Despite not being very profitable, Spotify has maintained strong subscriber and revenue growth. Here are the key Spotify Statistics you need to know.

In the fourth quarter of 2024, Spotify reported having approximately 22 percent of their total monthly active users (MAUs) located in Latin America, which translates to around 148.5 million MAUs in the region, up from around 132.44 million a year earlier – an annual increase of 12 percent. Overall, the region accounted for over one-fifth of Spotify’s MAUs worldwide in the fourth quarter of 2023.

29% of all Spotify users fall into the 25 to 34 age range. This is closely followed by 26% of users in the 18 to 24-year-old age.

The latest Spotify statistics from the company’s annual report show that 69% of Spotify premium subscribers are located in Europe and North America.

North American Spotify users spend the most time on the platform steaming an average of 140 minutes of content on the Spotify app daily.

In 2024, Taylor Swift was the artist with the most streamed album on Spotify. Her album "THE TORTURED POETS DEPARTMENT" was streamed over 6.6 billion times in 2024. She also entered the top 10 with her album "Lover" in sixth position, having registered nearly 3.3 billion streams on Spotify.

Spotify has about 11 million artists and creators on the platform.

In 2024, Taylor Swift was the most streamed artist on Spotify. Her songs were streamed over 28 billion times within the year. The second most streamed artist was The Weeknd with more than 13 billion streams in 2023.

This statistic presents Spotify's number of monthly active users in North America from the first quarter of 2016 to the fourth quarter of 2017. In the last presented quarter, the music streaming service reported 52 million monthly active users in North America.

Spotify has about 80 million individual tracks on the platform.

This statistic presents Spotify's number of monthly active users in the rest of the world from the first quarter of 2016 to the fourth quarter of 2017. In the last presented quarter, the music streaming service reported 17 million monthly active users in the rest of the world.