Spotify this afternoon reported its first quarterly earnings since its February IPO filing, and in the report, the company revealed that it now has 75 million paid subscribers.

The 75 million number is up from the 71 million paying subscribers that Spotify reported at the end of February, and it's almost double the number of subscribers who pay for Apple Music.

spotify logo
Apple in April said that it had 40 million paid subscribers across 115 countries and an additional eight million people using the service through the free three-month trial.

Though it has 75 million paid subscribers, Spotify's total subscriber base is much larger at 170 million subscribers due to the free tier that it offers.

While Spotify has more paying subscribers than Apple Music, the latter service has been gaining new subscribers at a quicker rate. A recent report from The Wall Street Journal suggested Apple Music is on track to overtake Spotify in U.S. subscribers as soon as this summer because its five percent growth rate per month outpaces Spotify's two percent growth rate.

Spotify last month beefed up its free tier with on-demand playlists, song recommendations, and a new low-data mode with the hopes that a more robust free tier will convert more listeners into paid subscribers.

Spotify stock is down following its earnings release as its $1.36 billion in revenue fell short of the $1.4 billion in revenue estimated by Wall Street.

Top Rated Comments

Plutonius Avatar
80 months ago
I'm not sure why people are concerned over what other people are using for a music service ? Use the one you want and hope that there is enough competition to keep the prices down.
Score: 16 Votes (Like | Disagree)
69650 Avatar
80 months ago
Spotify is a million times better than Apple Music.
Score: 14 Votes (Like | Disagree)
convergent Avatar
80 months ago
Love Spotify... moved away from Apple Music about a year ago. The main reason was that I wanted to use it across all my devices, and Apple Music didn't support some of them. Then after using it, I found that I like it better for discovery.
Score: 13 Votes (Like | Disagree)
IGI2 Avatar
80 months ago
Apple has to make a Linux version, or web-based version.

Spotify is easy to use on Linux.

Try iTunes on Linux via Wine, it's a nightmare.

Moreover, they could develop and promote their iCloud.com website by adding Apple Music there.

A lot of folks would get familiar with that domain and would see other options, such as Pages or iCloud Drive.

iMessage could also have a debut there. So we would gain a handful of useful apps there: iMessage (in the Cloud), Apple Music, Apple Maps, and the rest that's already there. Apple could steal the Google's momentum for web apps. (even further by making them iCloud-hosted, using CloudKit, or even making an App Store for iCloud.com).

Finally, a simple Apple Music on the web would resolve issues with lack of the Linux support or the need to install that crappy iTunes on Windows.
Score: 9 Votes (Like | Disagree)
Defthand Avatar
80 months ago
After a disappointing subscription to Tidal and an unremarkable Apple Music trial, I agreed to try Spotify. I’m not a fan of compressed sound files when I listen with hifi hardware, but the offerings are fine for the car and for music discovery. I actually prefer Spotify’s discovery features and recommendations. Spotify‘s presentation somehow reminds me of the record store experience, whereas Apple Music resembles a pretentious art gallery.
Score: 8 Votes (Like | Disagree)
IGI2 Avatar
80 months ago
I'm not sure why people are concerned over what other people are using for a music service ? Use the one you want and hope that there is enough competition to keep the prices down.
Maybe it's a bit like with Messaging apps.

You're not using, for example, Viber (but just WhatsApp or Signal) and you cannot communicate with that person (who uses Viber).

Similarly with music services. You cannot share playlists, send direct links with each other to listen to that track.

When you have a party, and you know that remix is on Spotify and you want your friend to play it but it's non-existent on Apple Music.

Since it's all streaming you cannot send just that 7 MB file...
Score: 7 Votes (Like | Disagree)

Popular Stories

iOS 18 Mock iPhone 16 Feature Gray

Revealed: iOS 18 Works With These iPhone Models

Monday June 10, 2024 3:57 am PDT by
iOS 18 will be compatible with the same iPhone models as iOS 17, according to a post on X today from a private account with a proven track record of sharing build numbers for upcoming iOS updates. iOS 18 will be compatible with the iPhone XR, and hence also the iPhone XS and iPhone XS Max models with the same A12 Bionic chip, but older iPhone models will miss out. Here is the full...
ios 18 tile summary

Apple Announces iOS 18 With New Customization Features, Redesigned Photos App, and More

Monday June 10, 2024 10:17 am PDT by
Apple today previewed iOS 18, the next major update to the operating system for the iPhone, with new customization features, a redesigned Photos app, and more. iOS 18 features new customization tools for the Home Screen. App icons now feature Dark Mode and users can tint them with a color to create a unique look. Apps can also now be placed anywhere on the Home Screen freely. The Control...
WWDC24 Live Coverage Article

WWDC 2024 Apple Event Live Keynote Coverage: iOS 18, Apple's AI Push, and More

Monday June 10, 2024 9:20 am PDT by
Apple's Worldwide Developers Conference (WWDC) starts today with the traditional keynote kicking things off at 10:00 a.m. Pacific Time. MacRumors is on hand for the event and we'll be sharing details and our thoughts throughout the day. We're expecting to see a number of software-related announcements with a focus on Apple's efforts to infuse AI throughout its operating systems and apps....
iOS 18 Siri Integrated Feature

Massive iPhone Upgrade Coming This Week But These Devices Will Miss Out

Sunday June 9, 2024 1:25 pm PDT by
Apple is planning a major AI overhaul in iOS 18, with a feature set it is referring to as "Apple Intelligence." However, these new features will not work on older iPhones, even if they do appear on the new operating system's device compatibility list. Apple's initial AI roadmap for iOS 18 is said to come in two parts: Basic AI features that will be processed on-device, and more advanced...
Next Gen CarPlay WWDC24 1

Apple Provides Updated Look at Next-Generation CarPlay at WWDC 2024

Monday June 10, 2024 7:11 pm PDT by
Apple today shared a few WWDC 2024 coding sessions related to its upcoming next-generation CarPlay system ahead of its launch later this year. The sessions include lots of updated next-generation CarPlay images, with one revealing new Vehicle, Media, and Climate apps in action for the first time. MacRumors previously discovered evidence of these apps in the iOS 17.4 beta. Next-generation...
iPad Air 5

New: iPadOS 18 Drops Support for These iPad Models

Monday June 10, 2024 4:16 am PDT by
iPadOS 18 will drop support for iPad models equipped with the A10X Fusion chip, according to a post on X today from a private account with a proven track record of sharing build numbers for upcoming iOS and iPadOS updates. In other words, iPadOS 18 will drop support for the 10.5-inch iPad Pro and the second-generation 12.9-inch iPad Pro. Support for the sixth-generation iPad, which uses the...
ios 18 button bulge

iOS 18 Adds Pop-Out Bezel Animation When Pressing iPhone Buttons

Tuesday June 11, 2024 10:40 am PDT by
iOS 18 includes a small but interesting change for the buttons on the iPhone, adding more of a visual element when changing volume, activating the Action button, or locking the screen. When you press an iPhone button in iOS 18, the display bezel bulges outward slightly. This feature is available for the volume buttons, Action button and the power button, and it will also likely be used for...