(Photo by Chesnot/Getty Images) Getty Images The two platforms now have 28 and 26 million paying users, respectively, sources told the Wall Street Journal. The number of paying subscribers to the music streaming service of Apple Music has for the first time exceeded that of Spotify customers in the US.
Music is displayed on the screen of an iPhone on Apin Paris, France. PARIS, FRANCE - APRIL 08: In this photo illustration, the logo of the music streaming platform Apple. It reported in June 2019 that Apple Music as a standalone service had 60 million paying subscribers, but it has not updated that number since, although the figure of 72 million was unofficially being quoted in the industry in 2020. The most recent update that Spotify has given on its numbers was in October 2021 when it stated it had 381 million listeners overall and 172 million subscribers.Īpple said in October 2021 that it had 745 million paying subscribers, but that was aggregated across lots of different content categories – notably Apple Music, Apple TV+, iCloud, Apple Arcade, Apple News+ and Apple Fitness+.
YouTube Music does not give out precise numbers either. Amazon, for example, will give numbers for Prime (of which Amazon Music Prime is a bundled feature) but will not break out how many subscribers Amazon Music Unlimited, its full subscription offering, has. Streaming services do not always, or even regularly, publish their subscriber numbers. “The surge in non-DSP streaming in 2021 means that the streaming market is no longer dependent on the revenue contribution of maturing Western subscriber markets.” “The strong growth in subscribers holds an extra meaning going into 2022,” argued the report. This IPO, which could take place in the second half of 2018, would be one of the largest transactions of the year and should raise 25 billion dollars. Tencent Music Entertainment Group (TME), the largest music streaming platform in China, is preparing what will be one of the largest IPOs ever by a technology company. QQ Music, Kugou and Kuwo are the three streaming Chinese music services owned by Tencent.
on the screen of an iPhone on Jin Paris, France. PARIS, FRANCE - JUNE 12: In this photo illustration the logos of QQ Music, Kugou and Kuwo are seen.
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