![]() While Spotify sales are constantly growing each year, the company has been reporting losses for 12 years in a row leading up to 2018. Spotify suffered a net loss of €186 million in 2019. ![]() The remaining 10% comes from its ad-supported free service. That was great news for the company because a whopping 90% of Spotify revenue comes from its premium subscribers. Premium subscriber revenue went up by 38% in 2017. In fact, Spotify statistics for 2017 showed growth in both types of Spotify users, contributing 39% to its total revenue. Spotify is constantly growing year after year. 45% two-year CAGR was the total revenue growth for Spotify in 2017. ![]() That year, Spotify opened at $165.90 on the New York Stock Exchange. Spotify’s net worth is staggering, just shy of $30 billion in 2018. $29.6 billion was Spotify’s value in 2018. With that in mind, let’s dig deep into the latest stats: 1. They can even download music for offline consumption. ![]()
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