Q2 2020 Archives

Global music streaming growth slows in Q2 2020

11/10/2020

Global music streaming growth slows in Q2 2020 but grew 13% year on year with revenues of $6.7 Bn according to global research firm, Counterpoint Technology Market Research. This is the first-ever quarter on quarter decline in terms of revenues as music streaming has been gaining strength with every passing quarter. Paid subscriptions grew 29% year on year (YoY) compared to 35% YoY in Q1 2020. Research Analyst Abhilash Kumar said, “The growth slowed down in Q2 and, […]

Spotify subscribers hit 138 million in Q2 2020

03/08/2020

Spotify subscribers hit 138 million, a 27% increase year on year, according to its recently released Q2 2020 financial results. Monthly Active Users (MAU) increased 29% to 299 million. Revenue of €1,889 million was up 13% year on year in the quarter despite the impact of the COVID-19 pandemic. During the quarter, Spotify increased its operations to 92 countries including Russia and 12 additional European countries. Latin America and Rest of World continue to see […]