Spotify’s largest competitors are Pandora, a company that offers a similar service, and Apple Music which was launched in 2015. Additionally, listeners are able to enjoy music for free with advertisements or are also given the option to purchase a subscription to allow for unlimited ad-free music streaming. The platform can be used from various devices and allows users to browse through a catalogue of music licensed through multiple record labels, as well as creating and sharing playlists with other users. Spotify is a music streaming service originally founded in 2006 in Sweden. Spotify’s subscriber base has increased dramatically in the last few years and has more than doubled since early 2017. How many paid subscribers does Spotify have?Īs of the second quarter of 2022, Spotify had 188 million premium subscribers worldwide, up from 165 million in the corresponding quarter of 2021.
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