Spotify Surpasses 100 Million Paid Subscribers

Spotify announced financial results for First Quarter 2019 today revealing that its streaming music service now has over 100 million paid subscribers globally.

Premium Subscribers grew to 100 million, up 32% Y/Y, reaching the high end of our guidance range of 97-100 million, and marking an important milestone in Company history. Outperformance was driven by a better than plan promotion in the US and Canada and continued strong growth in Family Plan.

The company says it saw strong growth from the expansion of its Google Home Mini promotion, as well as a price reduction to the Spotify Premium + Hulu offering in the US.

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