The Spotify stats website shows its growth timeline using the given graph:Īccording to Spotify wrapped stats, it had 144 million monthly active users as of June 2017.

In the grand scheme of things, this is a tiny setback. In the same year, Spotify made $244 million in revenue but lost $60 million.

Spotify made a rapid success by quickly releasing its code with iOS developers.

On July 14, 2011, it was released in the USA.

On November 9, 2009, Spotify released a Nokia-only app.

On October 7, 2009, it released the very first “invite-only” edition for the U.K., France, Scandinavia, and Spain.

Spotify was founded on July 14, 2006, in Stockholm.

It initially paid record labels a 20% up-front fee for access to its platform’s listening base. Spotify, on the other hand, is getting there. Daniel Ek and Martin Lorentzon (founders) thereby opened the doors to a worldwide avenue whose full potential has yet to be fulfilled. Spotify was launched with the overarching goal of eradicating illicit record distribution by providing a place for artists to upload their work and be compensated in royalties. The motion picture and music industries, in particular, have long been troubled by content theft. Spotify: A Revolutionary Idea That Captivated The Music Industry But before talking about the Spotify stats, we will see the history of Spotify. Till the end of this article, you will get a basic picture of how Spotify changed the music industry for good. Today, we will validate the fame and popularity of this music streaming giant by looking into some of the interesting stats for Spotify. It has improved how people listen to music all across the world. The media service firm, which was founded in Sweden, has bridged the gap between listening to music and purchasing MP3 tunes online. Spotify has established itself as the leader in the music streaming market, and it is way more ahead of Apple music.