Spotify to have more than 400m users by end of 2021

An overview of Spotify's monthly active users.

Spotify expects to have more than 400m monthly active users by the end of this year, according to the latest company report.

The audio streaming platform added 16m monthly active users (+4.4%) in Q3 2021 and expects this quarter-on-quarter growth to accelerate in Q4. The company forecasts its user base to be between 400m and 407m, equal to between a 5.0% to 6.8% increase.

Europe is the largest market for Spotify, where it takes a 34% share of the total (equal to about 129m). North America follows with 24% (91m), while Latin America (22%, 83m) and...

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