Spotify sees massive increase in subscribers in Q2, reaches 299M

Spotify has shared its Q2 2020 financial report and it shows the Swedish streaming platform increased its Monthly Active Users (MAU) to 299 million - an impressive 29% increase on a yearly basis and 5% more than Q1 2020. Income from Premium subscribers also increased, while a decline was seen only in Free Cash Flow, mainly due to the “continuing uncertainty surrounding the COVID-19 pandemic.” Users (in million) Q2 2019 Q1 2020 Q2 2020 Total Monthly Active Users (MAU) 232 286 299 Premium Subscribers 108 130 ...