Music streaming giant Spotify on Thursday said that it ended its third quarter with 144 million premium, or paid, subscribers and 320 million total active monthly users as of the end of September.
The figures were at or above the high end of the company's forecast range. That was up from 138 million premium users as of the end of June and from 299 million total users.
In the third quarter of 2019, it had added 5 million premium and 16 million total users. For the third quarter, Spotify management had predicted monthly active users to grow to 312-317 million, with premium subscribers to reach 140-144 million. "From a content consumption standpoint, global consumption hours surpassed pre-COVID levels during the quarter, and all regions have.