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Technology In Other news 29 Oct 2019 Spotify user base increases in Q3 2019 as podcast engagement goes up
Spotify user base increases in Q3 2019 as podcast engagement goes up
ANI
Published : Oct 29, 2019, 10:47 am IST
Updated : Oct 29, 2019, 10:47 am IST
Spotify now boasts 113 million premium subscribers, a 31 per cent year-on-year increase.
The audio streaming platform highlighted that podcasts are driving user engagement. (Photo: ANI)
Spotify announced its Q3 2019 results, reporting a 30 per cent year-on-year increase in monthly active users at 248 million.
The audio streaming platform highlighted that podcasts are driving user engagement. Spotify recorded a 39 per cent increase in podcast hours streamed quarter-on-quarter, the official blog notes.
Spotify now boasts 113 million premium subscribers, a 31 per cent year-on-year increase. The company expects this figure to grow to 120-125 million for Q4 2019.
