Spotify surpasses 60m subscribers

Spotify surpasses 60m subscribers

Streaming giant Spotify confirmed that it has surpassed 60m paying subscribers worldwide – and the growth rate faster than ever.

In the first seven months of 2017 alone, the platform has piled on around 15m subscribers. In the same period, Apple Music is believed to have added somewhere approaching 10m subs.

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The 10m net additional subscribers it has accrued since then have been attracted in less than five months. That means Spotify has been adding an average of more than 2m subscribers per month since that point.

The company is expected to launch an attempt at a direct listing on the New York Stock Exchange before the end of the year.