Spotify reaches 60 Million Users, 15 Million Paying

The Spotify streaming service is celebrating another milestone as they have reached 60 million subscribers, with 15 million being paid subscribers.

The company made the announcement via its blog, they are hoping that more listeners will transition into paid subscribers and with each paid subscription costing $9.99 per month that will boost the company’s revenue.

According to Spotify blog post, “We had an amazing 2014 at Spotify and owe it all to you, the music fans who listen, discover, share and celebrate music and artists with us every day of the year“. The company also noted that more than half of its listeners uses a smartphone or tablet to access the service.

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