Those who use Spotify, whether they are fans or not, might be interested in learning some of the latest facts about the music streaming service. The site boasts over 82 million songs and over three million podcasts. But did you know that the service has been able to generate over 172 million premium subscribers?
82 million songs
82 million songs on Spotify is a huge number, but it is not all. If you are looking to add a few new tracks to your playlist, you should first look into the best countries for music.
You can download the Spotify app and listen to music on your phone or computer. You can also subscribe to playlists from friends and other users. You can follow your favorite artists and use the Browse tab to see what your friends are listening to.
You may be surprised to learn that Spotify isn’t the only audio streaming platform out there. In fact, iTunes and Amazon Music are battling it out for the title of world’s largest music library. Apple’s catalog boasts 100 million songs, while Spotify has 82 million.
In the past two decades, the music business has changed dramatically. For instance, in the 1960s, 5,000 new albums were released every year. Now, a new song is released every day.
The Spotify app is available in over 184 countries. It is accessible on iOS and Android devices. In addition, you can also download the app for free to play offline.
In addition to the obvious, Spotify also launched a podcast. It has four million podcasts. Some of them are curated by the company.
172 million premium subscribers
Currently, Spotify has around 172 million premium subscribers. The majority of the users are in North America and Europe. The rest of the users are located in Latin America and the Rest of World.
Spotify’s premium version offers the user access to unlimited skips, offline playback, and ad-free music. It also offers taste-based recommendations, a personalised profile, and playlists. The company also offers three different subscription plans, including the Standard, Individual and Student plans. The Individual plan costs $9.99 per month for one account.
The Premium account is more expensive, but provides better audio quality. It also gives the user a chance to share music with friends.
Spotify launched in the US in 2011 and expanded into Europe in early 2012. The company also has a student plan for students at any university. The plan lasts for a year and allows up to six people to use the service.
According to the company, the subscriber base has grown by more than double in the past few years. It is expected that there will be three million new premium subscribers in the first quarter of 2022.
Spotify also reported that its advert revenue increased seventy-five percent during the third quarter of the year. Its advertising revenue rose to 323 million euros. The company said it expects to hire hundreds of employees to increase its advertising sales.
Over 3 million podcasts
Earlier this week, Spotify announced that over 3 million podcasts are available on its platform. That’s a big number, and a milestone for a company that has been aggressively investing in the medium for the past two years.
Assuming Spotify’s numbers are correct, it is now able to claim that it hosts the most podcasts of any audio service. While there are other services like Apple Music, Pandora, or Stitcher, Spotify has the largest user base. In fact, it claims that over a million podcasts were added by independent creators last year.
The big question is why did Spotify invest so heavily in this medium? One answer is that the company wants to make it easier for regular people to make a living by talking.
Another reason is that a lot of listeners compare podcasting to TV. As a result, the company wants to be the go-to source for audio programming. It also says that machine learning is helping it to discover new shows. And while that sounds good, it’s also hard to create great content.
Finally, the company is betting that podcasts will eventually have better profit margins than music. Specifically, it thinks that it can achieve gross margins of 40% to 50% within five years.
Available on multiple platforms
Besides a mobile app, Spotify is available on desktops, televisions, tablets, and smart watches. It’s a music-streaming platform that gives users unlimited access to millions of songs and audiobooks.
The company’s premium plans allow you to download up to 10,000 songs. You can also listen to the music offline.
Another new feature is the “Story Behind the Lyrics,” which tells you the background to the song. You can even view the lyrics while you listen. This feature isn’t always available for all songs.
Other features include the “Smart Links,” which allow you to follow an artist across different platforms. There is also a “Today’s Top Hits” playlist, which is a collection of mainstream hits from the radio.
Another useful feature is the “enhance” button, which lets you add or change tracks. You can reorder songs, hide unwanted tracks, or play a music video. If you’re on a mobile device, you can also adjust the volume.
The site’s interface is simple and intuitive. It includes a sidebar and a navigation bar at the bottom. It also allows you to find new music, share your playlists, and ask questions. Its one-line interface makes it easy to navigate through the music library.
Scorpion’s songs were included in numerous playlists
‘Scorpion’, the new album from rapper Drake, has broken several streaming records. The album has already surpassed 132 million streams worldwide. It has also broken the single-day record on both Spotify and Apple Music.
Drake’s Scorpion album has been heavily promoted by both services. There were dozens of playlists dominated by the rapper’s image. Some people even complained about the campaign infiltrating their ad-free accounts. Some users claimed they received a refund for a month’s worth of their subscription.
As a result, the rapper’s music has been inserted into numerous Spotify playlists. On one day, the promotion took over nearly 30 different playlists. This was the first global artist takeover by Spotify.
The record breaks one-day and weekly streaming records. It beat Post Malone’s ‘Beerbongs & Bentleys’, which was 78,744,748 streams on its first day of release.
The Scorpions album is the first album to reach over 1 billion streams worldwide. The total streaming numbers will not be available until next week.
“Scorpion” has been certified five-time platinum by the RIAA. It debuted on the US Billboard 200 with 732,000 album-equivalent units. It reached the top of the charts almost instantly after its release. The album has been nominated for five Grammys, including Album of the Year and Best Rap Song.
Revenue per user
Despite Spotify’s growth, it remains unclear whether its revenue per user will increase. While the company has been expanding its user base at a record pace, its operating profit margins are on the low side.
Having said that, Spotify continues to attract new customers with its discounted plans. The company also launched a Clubhouse-like live audio platform and has acquired leading podcast networks.
For instance, the company recently partnered with Facebook. This move may help Spotify enter the audiobook business. The company’s core platform is largely free to operate. Nevertheless, it is still in the process of monetizing the service.
It’s interesting to note that, as of Q1 2019, the company has surpassed 100 million subscribers. This represents a 29 percent year-over-year increase.
However, the company’s revenue per user still remains in the single digits. The company’s revenues are derived from ad-financed streams. In fact, the value of a Spotify stream is estimated to range from $0.006 to $0.00318.
According to one ad-supported streaming service, Spotify has paid out millions of dollars to rights holders since its inception. While the company doesn’t reveal its metric for ads, it is said to be using an internal algorithm.
Until now, Siri hasn’t been able to interact with third-party music services, such as Spotify. But now, with the release of iOS 13, users can take advantage of Apple’s voice assistant with one simple setup.
When you open the Siri app, you’ll be able to ask Siri to play music from a specific artist or album. You’ll also be able to control your Spotify listening experience with Siri on iOS and CarPlay. The service can also be used with AirPods, providing a hands-free way to listen to music.
You can request that Siri plays Spotify by long-pressing the Home button or by using the Hey Siri voice activation feature. Once you acknowledge the command, you’ll be prompted to subscribe to the service. If you’re a paid Spotify user, you’ll be able to play tracks, albums, and playlists. If you’re a free user, you’ll be limited to asking for specific songs and albums.
To use the service with Siri, you’ll need to download the Spotify update for iOS. This is available in beta now, but the service hasn’t announced when it will be made available to the public. Those who are interested in trying the new integration can do so by signing up for a Spotify beta.