OUR Spotify announced that it incredibly exceeded its expectations for the end of 2022 and passed the mark of 200 million subscribers on your music streaming service. In total, the platform has almost 500 million monthly active users, but it is still less profitable than Apple Musicwhich has less than half of the subscribers.

Spotify has twice as many subscribers as Apple Music

In its balance sheet for the fourth quarter of last year, the platform indicated that it was able to achieve205 million payers at the end of last quarter. This is 10 million more than in the third quarter of 2022 and 25 million more than in the last quarter of 2021.

generally Spotify reached a number 489 million monthly active users in the last quarter of 2022, exceeding 406 million year-over-year and setting a new record for the platform. The streaming service also said it has 295 million monthly active users who consume content by playing ads.

Credits: Spotify Disclosure

Unfortunately, it is not possible to make a direct comparison between Spotify and Apple Musicits main competitor, because an Apple stopped disclosing the exact number of payers on its platform. The Cupertino giant’s last update was in 2019, when he claimed to have 60 million followers.

Despite the lack of official data, some experts point out that in 2021, the iPhone manufacturer’s platform reached 78 million subscribers and now has 88 million payers.

But even with fewer payers PhoneArena notes that the service an Apple more profitable than Spotifywhich reported a loss of 231 million euros in the last quarter of 2022. While some of that spending is in marketing and operating expenses, the platform last saw a profitable quarter in 2019.

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Via: PhoneArena Source: Spotify

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