Spotify touched the mark of 100 million Premium Subscribers

Spotify 100 million Premium Subscribers: Spotify has announced that it has reached the new milestone of 100 million paid customers. This is almost half of the total users of the service. There are 117 million users who listen for free.

The Indian launch of the application helped a lot last quarter because in just first week million of users registered and the number doubled in the next month or so, Unfortunately even that is not enough to boost Spotify’s profitability.

In Q1, the company lost about 142 million euros, in sharp contrast to its profit of 442 million euros in December. At least it lost 169 million euros from Spotify in the first quarter of last year.

Source: Engadget

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