Spotify first hit the 400 million mark in the fourth quarter of 2021 after adding a whopping 25 million users. During the quarter, the company added 6 million net paying subscribers, slightly larger than the 4 million users on the free tier. The same report also highlights that the number of ad-supported users on the platform stood at 256 million.

A common way to save money on digital subscriptions is using free resources as much as possible. The tab directs users to Spotifys information hub on COVID-19. That's less than half the total, but it's not surprising since not everyone can afford to add yet another subscription to their monthly expenses in the current age of ballooning subscriptions. Spotify generates most revenue by selling ad-free music- and podcast-streaming services. Of the 433 million users, only 188 million have a Spotify subscription. However, not every user is a paying subscriber since, unlike Apple Music, Spotify has a free, ad-supported tier. The streaming giant added 10 million subscribers during the second quarter of 2022. According to Spotify's earnings report to investors, the streaming service had 433 million monthly active users.

Spotify members