Instant Alert: Spotify said it now has 70 million subscribers

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Spotify said it now has 70 million subscribers

by on Jan 4, 2018, 7:16 PM

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Music streaming service Spotify, which filed confidentially with U.S. regulators for an initial public offering on Wednesday, has 70 million subscribers, it said in a tweet on Thursday.

Spotify, valued at as much as $19 billion last year, is targeting a direct listing in the first half of 2018. 

Spotify is the biggest global music streaming company and counts Apple and Amazon.com as its main rivals.

Apple in September told Billboard magazine it has 30 million subscribers to Apple music.

 

SEE ALSO: Apple Music boss Jimmy Iovine is leaving the company in August, after his shares fully vest


 
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