Spotify sees massive increase in subscribers in Q2, reaches 299M

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Spotify has shared its Q2 2020 financial report and it shows the Swedish streaming platform increased its Monthly Active Users (MAU) to 299 million - an impressive 29% increase on a yearly basis and 5% more than Q1 2020. Income from Premium subscribers also increased, while a decline was seen only in Free Cash Flow, mainly due to the “continuing uncertainty surrounding the COVID-19 pandemic.” Users (in million) Q2 2019 Q1 2020 Q2 2020 Total Monthly Active Users (MAU) 232 286 299 Premium Subscribers 108 130 ...



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