Spotify announced just over 140 million active users a month, up 40% from the same period last year.
SpotPay announced a year ago that it is the first music service to receive 100 million active subscribers, which means that the company has managed to add approximately 50 million users and represents a huge leap forward for the company.
With the announcement of these figures, Spotify has gone a long way from competing services such as Apple Music, Pandora and others. The company has 50 million subscribers in its paid advertising-free services.
The company also reported that ad revenue rose 50.3% year-on-year in the same period a year ago, confirming that it will continue to inspire users in new and exciting ways.