Spotify Tops 100m Active Users – But Can it Keep Up Its Conversion Rate?

The last official confirmation we had from the Swedish service was that it had 89m active users at the close of 2015.That means that Spotify is currently adding around 1.8m active users to its service every month.But the question on the lips of the music business will be… how is that user growth converting into subscribers? Within Spotify’s full year 2015 financials, uncovered last month by MBW, we discovered that the service finished the year with 28m paying subs – a premium conversion rate of 31.5%.

Source: Music Business Worldwide

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