Spotify closed 2019 with 124 million premium subscribers — but this user influx wasn’t enough to prevent the company from sustaining heavy overall losses. Spotify’s earnings report also indicated that the streaming service’s premium-subscriber base grew 10 percent between the third and fourth quarters, and that 153 million users have adopted the free version, which features ads.
Source: Spotify Reaches 124MM Subscribers — Quarterly Losses Top $85MM