Spotify, the leading music-streaming service, in its most recent quarterly filing announced that it now has a hundred million customers on its paid Premium tier.
The company’s Premium subscribers grew to 100 million in the March quarter, representing a 32 percent annual boost. Spotify’s guidance called for 97-100 million Premium accounts.
According to the Swedish company, outperformance was driven by a better than plan promotion in the US and Canada and continued strong growth in Family Plan.
“We also saw strong growth from the expansion of our Google Home Mini promotion, as well as the price reduction to our Spotify Premium + Hulu offering in the US,” the release reads.
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