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has hit its best numbers ever, reaching 515 million monthly active users for the first time as of March 31. The company’s CEO Daniel Ek shared that this is the audio streaming service’s strongest quarter since it first went public in 2018.
The news of Spotify’s growth to over half a billion users comes just months after and significant layoffs in early 2023. In January, Ek announced that Spotify would fire
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Spotify’s user base increased 22 percent since last year, and 5 percent since last quarter. With 210 million subscribers among its 515 million monthly users, the company is considered to have the largest amount of paying subscribers compared to its competitors, per .
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Apple Music, by comparison, is predicted reach by 2025. At the end of 2022, YouTube shared it has , but the platform is not catered solely to music.
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Meera Navlakha Culture Reporter
Meera is a Culture Reporter at Mashable, joining the UK team in 2021. She writes about digital culture, mental health, big tech, entertainment, and more. Her work has also been published in The New York Times, Vice, Vogue India, and others.
