Spotify hits 130 million paid subscribers amid Covid-19
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Saturday
January 28, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
SATURDAY, JANUARY 28, 2023
Spotify hits 130 million paid subscribers amid Covid-19

Tech

TBS Report
30 April, 2020, 12:05 pm
Last modified: 30 April, 2020, 02:09 pm

Related News

  • Spotify to trim 6% of workforce in latest tech layoffs
  • Miley Cyrus' 'Flowers' Breaks Spotify Streaming Records
  • Miley Cyrus latest single 'Flowers' breaks Spotify record with over 100 million streams
  • Spotify's top earworms
  • Mobile subscribers, internet users fall by 3.1m in Sept

Spotify hits 130 million paid subscribers amid Covid-19

The platform had begun to see a fall in user numbers in February among countries hit hardest by the virus, including Spain and Italy

TBS Report
30 April, 2020, 12:05 pm
Last modified: 30 April, 2020, 02:09 pm
FILE PHOTO: A smartphone is seen in front of a screen projection of Spotify logo, in this picture illustration taken April 1, 2018. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: A smartphone is seen in front of a screen projection of Spotify logo, in this picture illustration taken April 1, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

Spotify has reached 130 million paid subscribers, despite initial concerns over how the Covid-19 crisis could affect listening habits.

Despite the initial concerns of how the pandemic will affect on listening habits, Spotify has seen a quality rise hitting 130 million paid subscribers.

The music-streaming platform says it gained six million subscribers in the first quarter of 2020, reports BBC.

It said the figures fell into the higher end of what had been predicted before the coronavirus outbreak.

"Despite all the turbulence around the world, we hit pretty much all the metrics," chief executive Daniel Ek told Reuters.

The platform had begun to see a fall in user numbers in February among countries hit hardest by the virus, including Spain and Italy, he said.

But there had been a "meaningful recovery" over the past month.

Spotify said a double-digit rise in quarterly revenue had helped offset a decline in ad sales, which contributed less than 10% of its overall revenue.

But the tech analysts have quite a different opinion about this rising users of Spotify.

Media Research analyst Mark Mulligan said, "Checking an app once a month is not active usage. So daily active users and weekly active users are where scrutiny needs applying. Spotify says that the ratio of daily active users relative to monthly active users was 'strong' in the quarter."

The company said monthly active users had risen 31% in the quarter.

"However, strong does not mean up - and the fact it was reported as higher than 12 months ago but with no reference to last quarter suggests 'strong' may not be that useful an adjective here." he added.

Mulligan also noted 28% of consumers in the US and 25% in the UK had been using their usual commute listening time now for other activities.

"It is after all possible to have falling streams but a growing user base, ie more people signing up but using the service less," he added.

 

Coronavirus chronicle / Top News

Spotify / subscribers / rise

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • How will Bangladesh pay for massive upcoming power projects this year?
    How will Bangladesh pay for massive upcoming power projects this year?
  • Photo: Mumit M/TBS
    Additional Tk2,682cr sought for Padma Bridge project
  • Now is the time to focus on FDI composition
    Now is the time to focus on FDI composition

MOST VIEWED

  • Rendered images by DALL-E 2 from the text prompt: “a hydrogen fueled plane, digital art.”
    Could hydrogen-powered aeroplanes be the future of aviation?
  • Illustration: TBS
    AI tools beyond ChatGPT and DALL-E 2
  • Twitter says users will be able to appeal account suspension
    Twitter says users will be able to appeal account suspension
  • Bye bye! Photographer: Michael Zarrilli/Getty Images North America via Bloomberg
    Meta says Trump to be allowed back on Facebook, Instagram
  • A view of the Twitter logo at its corporate headquarters in San Francisco, California, U.S. November 18, 2022. REUTERS/Carlos Barria
    Twitter faces legal complaint in Germany over anti-Semitic content
  • Silhouettes of laptop and mobile device users are seen next to a screen projection of Microsoft logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo
    Microsoft cloud outage hits users around the world

Related News

  • Spotify to trim 6% of workforce in latest tech layoffs
  • Miley Cyrus' 'Flowers' Breaks Spotify Streaming Records
  • Miley Cyrus latest single 'Flowers' breaks Spotify record with over 100 million streams
  • Spotify's top earworms
  • Mobile subscribers, internet users fall by 3.1m in Sept

Features

Now is the time to focus on FDI composition

Now is the time to focus on FDI composition

1h | Panorama
Sketch:TBS

Why we need consumer education for consumer wellbeing

22h | Thoughts
Dr Ahsan H Mansur, Executive Director, Policy Research Institute. Illustration: TBS

Twin shocks call for stronger domestic policy response

23h | Thoughts
December-er shohor, taxi taken for airport and the Park Street bathed in lights. Photo: Jannatul Naym Pieal

Exploring Kolkata on foot, empowered by Google Maps

23h | Explorer

More Videos from TBS

Kajol’s road paintings bring change in Gafargaon

Kajol’s road paintings bring change in Gafargaon

1d | TBS Stories
Carew & Company witnessed a remarkable growth

Carew & Company witnessed a remarkable growth

1d | TBS Stories
Gavi may have to leave Camp Nou

Gavi may have to leave Camp Nou

12h | TBS SPORTS
After all the controversies, how is Shah Rukh Khan's ‘Pathaan’?

After all the controversies, how is Shah Rukh Khan's ‘Pathaan’?

14h | TBS Entertainment

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Four top bankers arrested in DSA case filed by S Alam group 
Bangladesh

Four top bankers arrested in DSA case filed by S Alam group 

3
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

4
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

5
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]