Spotify, the world’s largest music streaming service, has reached a new milestone.
In just 6 months after it announced that it already has over 60 million subscribers, Spotify tweeted that it now has 70 million in total — a whopping 10 million growth in less than a year.
A couple of days ago, the company reportedly filed for an IPO in the US and it’s expected to go public in the second half of 2018. This move was made for the company to raise even more capital after being valued over $19 billion last year.
Spotify usage has grown exponentially in the Philippines in the past year thanks to its promos. There’s the ongoing Php65/month student discount, as well as the recent Php9 for 3 months offer.
One (1) month of Spotify Premium subscription in the Philippines is currently Php128, while the Family (6 users) plan is priced at Php194.
Source: Bloomberg