Total number of podcasts (as of October 2021): 3.2 million.Number of music tracks (as of late 2021): more than 70 million.Revenue from ads: 491 million Euros (till Q2, 2021).Revenue from paid subscribers: 3.98 billion Euros (till Q2, 2021).Total revenue in 2020: 7.88 billion Euros.Paying Subscribers: 165 million (till Q2, 2021).Monthly Active Users: 365 million (till Q2, 2021).Official name: Spotify Technology, SA ( a public company listed on NYSE).Founded in 2006 by Martin Lorentzon and Daniel EK, in Sweden.Here are some important statistics related to this industry giant. Spotify has captured 33.8 percent of the global market share for paid music streaming services.

Right now, Spotify is the biggest global music streaming platform. Spotify became a huge success as the organization expanded to 79 different markets. Originally, the formation of this company was a response to the growing piracy issues in the music industry. The company started its operations in 2006 in Sweden. Spotify, a music streaming platform, is no less than a heaven for music lovers all across the globe.

Spotify top 10