Monday, Mar 08, 2021 | Last Update : 09:25 AM IST

  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)
 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.

Tags: spotify