Spotify Q2 2019 Results Sees The Digital Music Service Post 29% Increase in Monthly Active Users And More 

 Spotify’s monthly active users increased to 29% year-on-year, during ir second quarter (Q2 2019) results call on 31 July. Also, number of premium subscribers shot up to 108 million across world.  

As far as Q2 revenue is concerned, Spotify tched up 1,677 million Pounds during period – reby representing a 31% year-on-year growth. Here, revenue from premium subscriptions was reportedly 108 million registering an identical 31% year-on-year growth. n, -driven revenue was 165 million Pounds - registering a 34% growth in comparison to Q1 2019. 

 Spotify also registered an increase, in ir podcast fan base, to greater than 50% quarter-on-quarter in 2019. Finally, number of top tier artists (those representing  vast majority of streams) has grown ar 36% to more than 30,000 (globally). n, re were tie-ups with two major label partners on renewing global sound recording permits. Discussions are said to be on with remaining two label partners. 

  “During Q2, we launched a number of new product initiatives across our major regions. One of major highlights was Spotify Lite more widely (presently in 36 countries), and this offering is w available in 36 markets,” stated a Spotify spokesperson.  

At this point in time, it is worth remembering that Spotify’s Lite mobile application (app) custom-me for India has been active in India. USP of this application is that it occupies an aver 11MB internal stor on mobile phones and is custom-me for uneven internet connections.  

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