Spotify Claims Twice as Many Monthly Active Users as Apple as It Seeks IPO
Spotify believes it has double the monthly active users (MAUs) of next-closest competitor Apple Music, said its SEC filing for its initial public offering: 159 million MAUs and 71 million subscribers for its premium services as of Dec. 31. Apple…
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didn’t comment Thursday. Spotify lost $1.5 billion last year, vs. a $658 million loss in 2016, and revenue grew to $5 billion last year from $3.6 billion, said Wednesday's filing.