Quick Answer 🔍How many people use Spotify in 2024?
Spotify has over 404 million monthly active users.
Well, if you are a fan of Spotify, you might have pondered how many people use Spotify in 2024?
Spotify is an audio streaming and media service with a massive library of music, podcasts, playlists and more.
Founded in 2006, this mega music platform today offers a plethora of features to its users.
You can use features like Crossfade and transitions, so the current song you are listening to gets smoothly transitioned to the next track and the Crossfade feature adds a fading effect to the queued tracks.
Other features include customizing your audio settings, you can change the quality of the songs you’ll download, adjust the maximum volume levels across all your tracks, and normalize audio for consistent output.
You can experience private playlists, see your statistics, search your favorite tunes, follow friends, listen to music on speakers and more.
Well, the Spotify experience is incredible, but there is a catch.
Spotify has a free plan, and a paid one.
The free plan lets you listen to your favorite tracks, create playlists, share music and perform some basic operations with advertisements playing in-between your tracks.
The paid plan has unique sub-categories, like a plan for family, for individuals and students.
With all the variations of the paid plans, you get rid of advertisements and access to an entire world of exciting features to make your listening experience remarkable.
Now, let’s break the ice. When you become a member of a large community of people, it’s common to have questions in your mind.
Well, there is one question Spotify users around the world have frequently asked: How many people use Spotify?
In this, we’ll discuss the answer to this question and learn some interesting statistics about Spotify.
Key Spotify Statistics 2024
- Spotify has over 404 million monthly active users.
- Spotify owns 36% of the worldwide streaming market.
- An average Spotify listener listens to 40 unique artists every week.
- Over 165 million users pay the Spotify premium.
- Spotify is available in 178 countries.
- Spotify generated a revenue of over 10 billion USD in 2021.
Spotify’s Monthly Active Users in 2024
Since its launch, Spotify has become the go-to music streaming platform for many around the world.
The Spotify application is simple to use, which makes it one of the best in the market.
The addition of new features to making the listening-experience world class is one of many reasons people have stuck with the company.
In the last few years, Spotify has added over 133 million users to its list and has recorded a consistent quarterly growth since 2015.
In the fourth quarter of 2020, Spotify had 345 million monthly active users, which increased to a whooping 404 million monthly active users in the last quarter of 2021.
Monthly Active Users Distribution
How are the monthly active users of Spotify distributed around the world?
The biggest market for Spotify is Europe followed by North America.
The growth of users in these regions of the world has shown unique rates.
For instance, Spotify has seen a sharp increase in users in Europe while the growth rate is constant across North America.
Europe makes up over 36% of the total monthly active users on the platform and 46% of the users come from North and Latin America.
This means the rest of the world gives 18% monthly active users to the music-streaming giant.
Spotify’s Premium Subscribers
How many of the monthly active users pay Spotify a fee to enjoy ad-free music?
Well, a whooping 181 million users around the globe pay Spotify a premium to get access to ad-free streaming and pro-features on the application.
In the last quarter of 2020, Spotify had 155 million paid users, which increased to 181 million with a rate of 14.19%.
Like the monthly active users, 69% of the premium users of Spotify come from Europe and North America, followed by 20% from Latin America and 11% from the rest of the world.
Before getting to actual numbers, you need to know Spotify generates its revenue from two unique sources.
The first source is the premium subscribers, and the second is the advertisements they host/feature on the application.
Now, let’s get to the numbers. In 2020, Spotify generated over $8.25 billion from premium subscribers and 4.6 billion in the first two quarters of 2021.
According to Spotify, the company generated over $850 million in advertisements revenue in 2020 and $491 million in the second quarter of 2021.
When combined, the two sources have generated a massive $10 billion revenue for the streaming giant.
The craze of Spotify has spread like a wildfire, and it keeps growing over the world.
Today, the music application has a 33.8 percent of market share in the music-streaming industry. The positive news is that the company has shown a consistent growth rate of 30-40% in the past years.
In 2017, the Spotify application was available in 61 markets around the world, but by 2021, the markets increased to 178 countries.
This means in a space of 4 years, Spotify made itself available to 117 additional countries.
Most people think Spotify is a music-streaming application.
Well, this isn’t technically incorrect, but Spotify is much more than a music- streaming platform.
The application also hosts podcasts.
In fact, it is the second-largest platform in the US to listen to podcasts.
Over 50% of American millennials who use Spotify use it regularly to listen to their favorite podcasts.
Spotify’s Gender and Content Stats
Spotify has more male users around the world than female users.
The music-streaming giant has over 82 million tracks which includes 4 million podcast titles.
As the application grows, the company keeps adding new tracks.
Most Popular Artists on Spotify
Spotify is the go-to marketplace for millions of artists around the world. But there are a few who rule the market. Here’s a list of the top 10 artists along with the number of monthly listeners:
- Ed Sheeran: 85.77 million
- Ariana Grande: 69.79 million
- Drake: 57.61 million
- Justin Bieber: 51.06 million
- Billie Eilish: 49.81 million
- Eminem: 48.14 million
- Rihanna: 45.14 million
- Taylor Swift: 43.73 million
- BTS: 39.45 million
- Bad Bunny: 38.13 million
There you have it. Now, you know how many people use Spotify. You also know many interesting statistics about the company.
Spotify is the go-to music-streaming platform for millions of people and has one of the largest music libraries on a music platform.
You get to stream premium quality tracks, follow your favorite artists and listen to podcasts. I hope this article helps.