Spotify Premium Subscribers Reach 220 Million Users in Q2 2023

Technology & Telecommunications

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Nabilah Muhamad 11/10/2023 17:23 WIB

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As of Q2 2023, Spotify had 220 million premium subscribers worldwide. This represents a 14.54% increase compared to the same period the previous year.

Number of Spotify Premium Subscribers Worldwide (Q1 2018 - Q11 2023)

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Number of Spotify Premium Subscribers Worldwide (Q1 2018 - Q11 2023)

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Based on a report from Spotify, the number of premium subscribers on the platform reached 220 million in Q2 2023.

This figure is up approximately 14.54% year-on-year (YoY) from the same period last year, which recorded 210 million premium subscribers in Q2 2022.

Since 2018, Spotify has consistently shown positive performance. At that time, the number of premium subscribers was only 75 million, nearly tripling by Q2 of this year.

Spotify also reported an 11% YoY increase in revenue, from EUR 2,504 million in Q2 2022 to EUR 2,773 million in Q2 2023.

On the other hand, the subscription price for Spotify Premium was adjusted in July 2023. Spotify management claims this was done to enhance the customer experience. Furthermore, through the premium features, users can listen to music without interruptions and freely choose their songs.

"To allow us to continue innovating, we have adjusted our premium pricing. This update will help us continue to deliver the best experience to fans and artists on our platform," said Spotify management in a statement.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."