Looking for interesting Spotify Stats for 2024? You’re in the right place.
Did you know that Spotify had 226 million premium subscribers worldwide as of the last quarter of 2023?
Also, Spotify’s revenue is growing rapidly.
Last year, Spotify generated a whopping revenue of over 13.28 Billion Euros, which is up from 11.72 Billion Euros in the previous year.
Have a look at the growth rate of Spotify’s premium subscribers (Source: Statista);
Spotify’s subscriber base has increased exponentially in the last few years. Statista reports that Spotify has more than doubled its subscribers since early 2020.
If you’re NOT aware of it yet, Spotify is the #1 music streaming platform in the world.
If you’re looking for the latest Spotify stats, read on.
Table of Contents ☰
40+ Spotify Stats for 2024 [With Latest Trends, Facts, and Data]
1. How many songs are on Spotify?
Spotify currently has over 100 million tracks and 5 million podcast titles.
2. How many artists are on Spotify?
There are over 11 million artists and creators on the platform as of January 2024. This includes both solo artists and groups.
3. How many users does Spotify have worldwide?
Want to know how many people use Spotify? Spotify has over 574 million monthly active listeners, including 226 million premium subscribers in over 180 markets.
4. What is Spotify’s market share?
The market share of Spotify is over 30.5% worldwide, almost double the market share who subscribed to Apple Music. (Source: Statista)
5. What are Spotify’s biggest markets?
Spotify’s top 10 music markets include Australia, Canada, China, Italy, France, Germany, Japan, South Korea, the U.K., and the U.S.
6. Who are the top artists on Spotify?
The most streamed artist of all time on the Spotify platform is Drake, followed by Bad Bunny.
Here are the top 10 artists on Spotify.
- The Weeknd
- Miley Cyrus
- Shakira
- Taylor Swift
- Rihanna
- Ariana Grande
- Ed Sheeran
- Justin Bieber
- David Guetta
- SZA
7. What demographic uses Spotify the most?
North America is the TOP demographic that uses Spotify the most. Users based in North America spend an average of 140 minutes daily on Spotify. It is followed by the Middle East & Africa region, which spends an overage of 124 minutes DAILY.
8. How many hours does the average person listen to music on Spotify?
On average, Spotify users spend over 25 hours every single month listening to music. Almost 44% of Spotify users open the Spotify app daily.
9. Which country has the most premium users on Spotify?
39% of all premium users come from Europe. Currently, Spotify has over 205 million premium users, which means 41% of all its active users.
10. Does Spotify own any other companies?
Yes, Spotify owns 29 enterprises worldwide and its recent acquisition was Kinzen, which is a Dublin-based content moderation startup.
Some of the notable acquisitions by Spotify include;
- Megaphone (acquired in 2015 for $235 million)
- The Ringer (acquired in 2016 for $196 million)
- Gimlet (acquired in 2014 for $194 million)
Spotify Revenue Stats
Are you on the hunt for interesting Spotify revenue stats? This section is just for you, where you’ll find its revenue, top-earning artists, and much more.
1. How much revenue does Spotify generate?
In the last year i.e, 2023, Spotify generated over $13.28 billion Euros.
Here’s a breakdown of Spotify’s revenue over the last few years (in Euros).
- 2017 $4.09 billion
- 2018 $5.26 billion
- 2019 $6.76 billion
- 2020 $7.88 billion
- 2021 $9.67 billion
- 2023 $11.72 billion
2. Is anyone making money on Spotify?
Yes, a lot of people! In the last year, more than 50,000 artists have made at least $10,000 from Spotify streams, and over 1,000 have made over $1 million.
3. What is the market cap of Spotify?
As of 2024, Spotify has a market cap of $41.20 Billion.
In case you don’t know, the market cap is the value of a publicly listed company such as Spotify, Microsoft, Apple, etc. In most cases, the market cap can be easily calculated by multiplying the share price by the number of outstanding shares.
4. How much royalties does Spotify pay?
Spotify paid more than $3 billion to music-rights holders over the last TWO years.
Over 200,000 music artists generated 95% of the total royalty on Spotify while contributing 15% of all tracks uploaded daily to Spotify.
5. How much does Spotify payout to its creators so far?
All-time Spotify payouts to music-rights holders are over $40 billion. $40 billion includes both recording and publishing royalties.
6. How does Spotify make money?
Spotify generates music revenue from two primary sources;
- Subscription fees from Spotify Premium subscribers
- Advertising fees on the free tier music
The subscription to the Spotify Individual Premium plan costs $9.99 per month, and it offers different pricing plans in various countries. For example, in India, you can get Spotify Premium for only ₹119/month (only 1.45 dollars).
7. How much does Spotify pay an artist per stream?
Spotify pays artists between $0.003 – $0.005 per stream on average. That means you’ll need around 229 streams to make $1 on the Spotify platform as an artist. As a comparison, you’ll need 249 streams to make $1 in Amazon Music.
8. What is Spotify ARPU?
In the last quarter of 2023, Spotify’s ARPU (Average Revenue Per User) amounted to €4.72 (Source: Statista)
Here’s a breakdown of their ARPU for last few years.
Here’s a quick breakdown of Spotify’s average revenue per user over the years.
- 5.32 Euros in 2017
- 4.81 Euros in 2018
- 4.72 Euros in 2019
- 4.31 Euros in 2020
- 4.29 Euros in 2021
- 4.52 Euros in 2022
- 4.72 Euros in 2023
The reasons for the fall of ARPU include Spotify’s expansion in countries with lower prices (for example India), student deals, and family plans.
9. Does Spotify make a profit? What is Spotify profit in the last year?
No, Spotify has not reported an annual net profit since its inception.
So what was Spotify profit in the last year? Statista reports that in 2022, Spotify suffered a net loss of 430 million euros.
Here’s the net loss over the years.
- In 2021, a net loss of 34 million euros
- In 2020, a net loss of 581 million euros
- In 2019, a net loss of 186 million euros
- In 2018, a net loss of 78 million euros
- In 2017, a net loss of 1235 million euros
- In 2016, a net loss of 539 million euros
- In 2015, a net loss of 230 million euros
10. What is Spotify’s EBITDA?
Spotify Q3 2023 EBITDA was €74 million.
In case you’re wondering, EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a metric used to evaluate a company’s operating performance.
Spotify Platform Stats
Are you looking for Spotify platform statistics in general? Here are a few interesting stats for you.
1. What’s the most-streamed song on Spotify?
“Blinding Lights” by The Weeknd is the most-streamed song of all time on Spotify, which currently has over 4 billion streams as of 2024.
2. Who is the #1 streamed artist on Spotify?
Drake is the #1 streamed artist on Spotify. Drake’s first-ever hit was “Best I Ever Had,” and he’s one of the wealthiest rappers in the world with an estimated net worth of over $270 million.
3. Which is the #1 top podcast on Spotify?
The number 1 podcast on Spotify is The Joe Rogan Experience, which is a podcast hosted by American comedian Joe Rogan. His podcast’s length is around 1 to 3+ hours.
In case you’re curious, here are the top five most popular podcasts on Spotify:
- The Joe Rogan Experience
- Call Her Daddy
- Anything Goes with Emma Chamberlain
- Caso 63
- Crime Junkie
4. Who has the most monthly listeners on Spotify?
Canadian singer The Weeknd has the MOST monthly listeners on Spotify, with 115 million monthly listeners as of 2024. The Weeknd’s original name is “Abel Makkonen Tesfaye”.
Here are the top five singers who have the most monthly listeners;
- The Weeknd
- Rihanna
- Taylor Swift
- Miley Cyrus
- Shakira
5. How many Spotify users are in the US?
According to eMarketer, Spotify currently has 83.1 million users in the US, of which 44.7 million are paying subscribers.
6. Which is the top 1 music app on iPhone?
Statista reports that Spotify was the most-downloaded music app for iPhone in the Apple App Store in the United States.
According to Statista, Spotify had over one million downloads from iPhone users. YouTube Music was the second-most popular music app which has approximately 311,000 downloads from U.S. users.
7. What gender uses Spotify the most?
56% of Spotify users are male. 44% are female users. Many surveys report that the female user base on Spotify is growing rapidly.
8. How many people on Spotify listen to podcasts?
In total, 1 in 4 podcast listeners uses Spotify for podcasts. While 1 in 5 use Apple Podcasts.
Spotify officially reports that the number of podcasters taking part in the Spotify Audience Network has grown 8x in the last two years.
According to Statista, the top platforms for listening to podcasts are Spotify (25% of listeners) and Apple Podcasts (20%).
9. How many songs are uploaded on Spotify every day?
Approximately 100,000 NEW music tracks are being uploaded to Spotify’s music streaming platform every single day.
10. What was the first song uploaded on Spotify?
The Hymn Of Ugarit was the first song uploaded on the Spotify platform.
Interestingly, The Hymn Of Ugarit is the oldest piece of music known to human history (which is over 3,200 years old).
Top 10 Interesting Spotify Facts
Looking for Spotify facts? Here’s a handpicked list of the top 10 facts about Spotify.
1. Who founded Spotify?
Daniel Ek and Martin Lorentzon are the founders of Spotify. They launched Spotify on 23 April 2006. Spotify has currently 9000 employees around the world. It has headquarters in Stockholm, Sweden, and has 15 offices worldwide.
2. Did Spotify have a cyber attack?
Yes, in 2020, Spotify fell victim to a cyber attack that had a database containing 380 million individual records, including the logins and passwords of Spotify users. Spotify issued a rolling reset of passwords the same year and all the accounts on Spotify are safe now.
3. Why is it called Spotify?
According to co-founder Daniel Ek, Spotify is a combination of spot + identify.
4. What is the longest playlist on Spotify?
The longest Spotify playlist is held by Willis Orr.
Willis has a HUGE playlist on Spotify with over 10,000 songs, which is the maximum limit of a Spotify playlist. It has more than 800 hours of music. You can listen to the playlist here.
If you’re wondering, it will take 33 consecutive days to listen to the longest playlist on Spotify.
5. How many playlists are available on Spotify?
Spotify has over 4 billion playlists. The platform has over 100 million tracks available.
6. What are the most popular podcast genres on Spotify?
Society & Culture is the most popular podcast genre on Spotify.
The top 5 most popular podcast genres on Spotify worldwide are included below:
- Society & Culture
- Comedy
- Lifestyle & Health
- Arts & Entertainment
- Education
7. What is the #1 podcast in the US?
The Deck Investigates is the most popular podcast in the US (Source: Spotify Podcast Charts)
It is hosted by Ashley Flowers, where she shares exclusive details of Darlene Hulse who was brutally killed in her own home 40 years ago.
Ashley Flowers also hosts another popular podcast called “Crime Junkie” and she’s an NYT best-selling author.
8. What is the #1 podcast in India?
True Story Bro! with Triggered Insaan is the no.1 podcast in India (Source: Spotify Podcast Charts)
It is run by Nischay Malhan (popularly known as Triggered Insaan), a Delhi-based Indian YouTuber who mostly covers funny and horror stories on his podcast.
9. Does Spotify have stock?
Yes. You can buy Spotify stocks as it’s a publicly listed company. The current price of Spotify shares is around $211 and the market value of Spotify is over $41.20 billion, as of 2024.
10. Can you change your username on Spotify?
No, you can’t change your username on Spotify. Also, you can connect to Facebook to display your Facebook name. If you add a Spotify display name, that will show instead of your Facebook name.
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FAQs on Spotify Users
Here are some interesting questions on Spotify statistics, Spotify data, and its users.
As of January 2024, Ed Sheeran is the most-followed artist on Spotify, with over 115.55 million followers.
Spotify is the #1 music streaming service, as 30.5% of music streaming subscribers worldwide have a Spotify subscription.
Drake is one of the highest-paid creators on Spotify and has 83 million monthly listeners. Drake’s estimated earnings from Spotify are over $53 million.
Most of Spotify’s users in the U.S. are aged between 25 to 34 years.
Yes, Spotify is MUCH bigger than Apple music, as Spotify has over 500 million active users compared to Apple Music’s 88 million users.
Spotify’s major competitors are Apple Music, Amazon Prime Music, Youtube Music, and Google Play Music.
Spotify claims it has paid over $40 billion to music rights holders on its platform, which includes music recording and publishing royalties.
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Final Thoughts on Spotify Statistics for 2024
The #1 reason Spotify is so successful is because of its data. It uses new technologies, such as artificial intelligence, to help users find exactly what they want.
Also, Spotify focuses A LOT on user experience. It has an easy-to-use interface on both desktops and mobiles, and you can find over 100 million music tracks on its platform.
So what are your thoughts on Spotify? Did you find our list of Spotify stats interesting? Share this post if you find it useful.
