Spotify's Number of Users Surpasses 456 Million in Q3 2022

The number of users of the music streaming application Spotify continues to grow. Based on reports from Business of Apps and the company's financial statements, the number of monthly active users (MAU) globally has reached 456 million in Q3 2022.

This figure increased by 5.31% quarter-on-quarter (QoQ). In Q2 2022, the number of Spotify's monthly active users was 433 million.

Compared to the same period last year, the figure increased by 19.68% year-on-year (YoY). The number of monthly active users of the Swedish application was only 381 million in Q3 2021.

The largest proportion of Spotify's monthly active users comes from Europe, reaching 31%. Users from North America account for 22%, Latin America 21%, and the rest of the world 26%.

The number of Spotify users with premium subscriptions reached 195 million in Q3 2022, up 13.37% (YoY) from 172 million in Q3 of the previous year.

Meanwhile, ad-supported Spotify users numbered 273 million during July-September 2022, increasing by 24.09% (YoY) compared to the same period the previous year, which saw 220 million users.

Spotify also recorded a revenue increase of 21.39% (YoY), reaching €3.03 billion in Q3 2022. This revenue came from the premium segment (€2.65 billion) and the ad-supported segment (€385 million).