Spotify’s paid subscribers hit 165M as podcast listening ‘improved modestly’

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Spotify’s paid subscribers hit 165M as podcast listening ‘improved modestly’

Spotify now has 165 million premium subscribers and 365 million monthly active users according to a new earnings report released today. It’s a year-over-year increase of 20 percent and 22 percent respectively, and up from the 158 million subscribers and 356 million MAUs seen last quarter.

Rivals Apple Music and Amazon Music don’t regularly release comparable numbers, but their most recent public figures compiled by Music Ally put them at 60 million and around 55 million paying subscribers, respectively.

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Spotify’s interest in podcasts has showed no signs of slowing this quarter, as it’s continued to make acquisitions and investments in both podcasting content and technology. The company recently acquired the exclusive rights to two podcasts, Call Her Daddy and Dax Shepard’s Armchair Expert, as well as the company Podz whose technology automates the process of creating preview clips that feature key moments from podcasts.

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