While the wide-ranging negative impact of the coronavirus pandemic has been felt across many different hardware industries and previously flourishing businesses, it pretty much looks like nothing can hinder the growth of the world’s most popular music streaming service.
Although Spotify did experience some “COVID related softness” in certain metrics and regions during both the first and second quarter of 2020, the Sweden-based company impressively managed to end Q2 on a high note, boosting its total monthly active user (MAU) count to a whopping 299 million people.
That represents an improvement of 5 percent over the Q1 2020 tally of 286 million MAUs, as well as a remarkable 29 percent surge from the April – June 2019 timeframe. In other words, Spotify gained no less than 67 million monthly active users in a year, with projections ranging from a low end of 312 million people in Q3 to a high end of 348 million MAUs in Q4 2020.
Source: Phonearena
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