WHERE ARE SPOTIFY S FREE

So, even if вЂњStayвЂќ didnвЂ™t actually hit a billion streams today but does so in the next couple days - or even in the next month, which it will almost certainly do - it will handily surpass SheeranвЂ™s mark. (As of this post, the Spotify desktop and mobile apps indicate the song has 994,497,008 streams, although itвЂ™s possible that count is not current.) The reported previous record-holder, Ed SheeranвЂ™s вЂњShape Of You,вЂќ was released on Januand reached a billion Spotify streams on June 8 that same year, which is 153 days later. вЂњStayвЂќ was released on July 9, and if it did indeed reach a billion streams today, November 4, it did so in 118 days. It becomes the fastest song to ever achieve this, surpassing Ed SheeranвЂ™s вЂњShape of You.вЂќ /KWMWaFGPgZ Workers Press for Power in Rare Advance for U.S.вЂњSTAYвЂќ by and has reached 1 BILLION streams on Spotify. (Updates with comments from investor call) The company released 76 original and exclusive podcasts from outside the U.S., compared to just 32 in the U.S. To help satisfy those listeners, Spotify is also investing more in international podcasts. The company said it performed better than expected in South Korea, Pakistan, Bangladesh, Indonesia and the Philippines. The company added 16 million users in the quarter, seven million of whom are paying subscribers. Ek said Thursday that the choppiness of the yearвЂ™s first half was over, and the company forecast it will surpass 400 million users by the end of 2021.ДЄsian markets are driving a lot of SpotifyвЂ™s user growth. The companyвЂ™s user growth had slowed in the first half of the year, which Ek blamed on the pandemic. The majority of audio advertising dollars is still being spent on traditional mediums.ДЇor Spotify to draw more of that advertising money, it will need to continue growing. The company is targeting billions of dollars in marketing budgets that currently go to linear radio. But its interest in advertising has surged recently.

WHERE ARE SPOTIFY S FREE

The music streaming app used the free version of its service as a funnel to convert people into paying customers. Spotify dubs this business the two-sided marketplace.ДЄdvertising had been an afterthought at Spotify for many years. The company has also convinced record labels to pay to put their songs in front of certain listeners using an array of tools. Podcasting isnвЂ™t the only reason for SpotifyвЂ™s advertising growth. The companyвЂ™s shares spiked as much as 10%, the most isince December. вЂњOur advertising business continues to surpass even our own optimistic expectations,вЂќ Ek said on a call with investors. Advertising generated 323 million euros of revenue in the third quarter, which is about 13% of total sales. But Chief Executive Officer Daniel Ek said the companyвЂ™s efforts to build a podcasting business are now ahead of schedule, and projected advertising would one day account for more than 20% of its total sales. The company has urged patience and said that podcasting is still a drag on profit margins.

After shares of Spotify spiked for most of 2020, theyвЂ™ve sagged this year as investors soured on the podcasting gambit. Investors have been waiting for SpotifyвЂ™s multibillion dollar investment in podcasting and advertising technology to turn its money-losing music service into a profitable audio service.

Where are spotify s