United Arab Emirates – Spotify costs about $5.44/month in the United Arab Emirates, or 19.99AED. Israel – Spotify Premium costs $5.90/month in Israel, which is equal to about 19.90/month in new shekels. This emphasizes how Subscription(s) remains critical to artists’ earning - as streaming becomes the nucleus of recorded music revenue.Īlso recommend this read (if you haven’t) before you proceed. I thought we might be interested in these because per its 2020 annual report, Premium subscription commanded about 91% of Spotify’s total revenue, while its ad-supported service contributed about 9%. Spotify says that it “saw a benefit to ARPU primarily from our price increases ”. The firm’s average monthly revenue per user (ARPU) landed at €4.34 ($5.03) in Q3, up 4% year-on-year (up 3% year-on-year at constant currency). Spotify’s Premium subscriber growth translated into Premium revenue of €2.178 billion ($2.52bn at current exchange rates) in Q3, which was up by 6% on the €2.056 billion ($2.38bn) generated in the prior quarter (Q2 2021). This was up 19% YoY and up by 4% (+7m) QOQ. By coincidence - as this post had stalled since Monday - Spotify has published its financial result for Q3 2021 and it revealed it now has 172m global Premium subscribers.
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