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Spotify, StatistaSpotify Revenue by SegmentSpotify has two revenue streams: subscription fees from Premium subscribers and an ad-supported business.Premium RevenueSpotify registered €13.82 billion in revenue in 2024 from Premium subscribers, accounting for 88.19% of total company revenue.Spotify Premium revenue has increased by 19.47% in 2024 compared to 2023. We’ve charted the growth of Spotify revenue from Premium subscribers since 2012:YearSpotify Premium Revenue (in Euros)2012374.6 million2013677.89 million2014982.7 million20151.74 billion20162.66 billion20173.67 billion20184.72 billion20196.09 billion20207.14 billion20218.46 billion202210.25 billion202311.57 billion202413.82 billionSources: Spotify, StatistaAd-Supported RevenueSpotify generated €1.85 billion in ad-supported revenue in 2024. An increase from €1.68 billion in 2023.Spotify’s ad-supported segment accounted for 11.8% of the company’s revenue in 2024.Here’s an overview of Spotify’s ad-supported revenue since 2012:YearSpotify Ad-Supported Revenue (in Euros)201255.5 million201368.16 million2014102 million2015196 million2016295 million2017416 million2018542 million2019678 million2020745 million20211.21 billion20221.48 billion20231.68 billion20241.85 billionSources: Spotify, StatistaSpotify PayoutsSpotify paid out $10 billion to the music industry in 2024. That’s up from $9 billion in 2023.Over 10,000 artists are estimated to generate over $100,000 from Spotify alone each year. Source: Spotify 1, Spotify 2Spotify Market ShareSpotify dominates the music streaming space with a 31.7% market share. Among the 713.4 million people who have a music streaming subscription, 226 million of them are subscribed to Spotify (as of Q3 2023).Over the past 5 years, Spotofy’s market share has been consistently above one-third of the market and showed the highest market share of 34% in Q2 2019 in the last 5 years. We’ve charted the Spotify market share among paying music streaming users since 2019:DateSpotify Market shareQ2 201934%Q2 202033%Q2 202131%Q2 202230.5%Q3 202331.7%Sources: Midia, Midia, MidiaSpotify as a Podcast Listening AppAn estimated 40 million users in the US listen to podcasts at least once a month on Spotify. To put it in perspective, 29 million use Apple Podcasts in the US.Spotofy’s monthly active podcast user base grew from 19.9

How Many Streams Does Spotify Have?Spotify is one of the most popular music streaming services in the world, with over 400 million monthly active users and 180 million premium subscribers. But just how many streams does Spotify have? In this article, we’ll dive into the numbers and explore the answer to this question.A Brief History of SpotifyBefore we get into the numbers, let’s take a quick look at the history of Spotify. Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify started as a music streaming service that allowed users to access a vast library of songs for a monthly fee. The service quickly gained popularity, and by 2010, it had already reached 1 million users.Spotify’s Streaming NumbersSo, how many streams does Spotify have? According to a report by Midia Research, Spotify had over 170 billion streams in 2020 alone. This number has been steadily increasing over the years, with a growth rate of 20% per year.Breakdown of Spotify’s Streaming NumbersHere’s a breakdown of Spotify’s streaming numbers:2020: 170 billion streams2019: 120 billion streams2018: 80 billion streams2017: 50 billion streams2016: 30 billion streamsMost Streamed Songs on SpotifySo, which songs are the most streamed on Spotify? According to the platform’s official charts, the top 5 most streamed songs of all time are:"Shape of You" by Ed Sheeran: 4.5 billion streams"Uptown Funk" by Mark Ronson ft. Bruno Mars: 3.5 billion streams"Closer" by The Chainsmokers ft. Halsey: 3.2 billion streams"Lean On" by Major Lazer and DJ Snake ft. MØ: 3.1 billion streams"Blank Space" by Taylor Swift: 3 billion streamsMost Streamed Artists on SpotifyWhich artists are the most streamed on Spotify? According to the platform’s official charts, the top 5 most streamed artists of all time are:Drake: 24.5 billion streamsEd Sheeran: 23.5 billion streamsPost Malone: 22.5 billion streamsAriana Grande: 21.5 billion streamsBillie Eilish: 20.5 billion streamsSpotify’s Streaming RevenueSo, how much money does Spotify make from its streaming service? According to a report by Bloomberg, Spotify generated $7.4 billion in revenue in 2020, with the majority of that coming from its premium subscription service.Spotify’s Streaming Market ShareBut how does Spotify’s streaming service compare to its competitors? According to a report by Midia Research, Spotify has a 33% market share of the global music streaming market, followed by Apple Music with 19%, and Amazon Music with 12%.ConclusionIn conclusion, Spotify has an impressive 170 billion streams in 2020 alone, with a growth rate of 20% per year. The platform’s most streamed songs and artists are a mix of pop, hip-hop, and electronic music, with Drake, Ed Sheeran, and Post Malone being the top three most streamed artists of all time. Spotify’s streaming revenue is also impressive, with the platform generating $7.4 billion in revenue in 2020. And

Covid-19 took its toll on major’s results. Music business worldwide. T. (2021a, May 18). The fight over music-streaming royalties misses the point. Rolling stone. T. (2021b, September 29). TikTok is evolving into a very different kind of music streaming giant. Music business worldwide. M. (2021, February 10). Facebook is said to be building a product to compete with Clubhouse. The New York times. V., Garcia-Perez, A., Candelo, E., & Couturier, J. (2021). Exploring the impact of digital transformation on technology entrepreneurship and technological market expansion: The role of technology readiness, exploration and exploitation. Journal of Business Research, 124, 100–111.Article Google Scholar Kahlert, H. (2021, February 23). Clubhouse and the next evolution of audio. MIDiA research. J. (2020, November 16). Lil Nas X’s Roblox concert was attended 33 million times. The verge. J. (2021, March 1). Grimes sold $6 million worth of digital art as NFTs. The verge. N., & Bloomberg. (2021, September 29). Welcome to the Metaverse: What it is, who’s behind it, and why it matters. Fortune. C., & Picot, A. (2015). Reflections on societal and business model transformation arising from digitization and big data analytics: A research agenda. The Journal of Strategic Information Systems, 24(3), 149–157.Article Google Scholar Lyons, K., & Porter, J. (2021, May 9). Clubhouse comes to Android after more than a year of iOS exclusivity. The verge. N. (2021, April 6). Clubhouse launches payments so creators can make money. Tech crunch. M. (2019, December 23). How TikTok influenced music discovery in 2019. Forbes. Ally. (2018).

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