Spotify cemented its position as the world's number one music streaming platform with the announcement that they now have 465 million monthly active users, 195 million of whom are paid Spotify Premium subscribers.
Overall, the number of monthly active users increased by 23 million and Premium customers increased by 7 million compared to the previous quarter. An increase in the number of users was reported in all markets except Europe. CEO Daniel Ek also announced that Spotify will increase subscription prices in the United States to follow the steps taken by YouTube Music and Apple Music since last week. There are no plans to do the same in other markets.
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