Spotify files for its DPO: so what do you need to know?
Posted on: 1 mars 2018, by : Stuart Dredge

“Feels great to have the cat out of the bag. Transparency breeds trust,” tweeted Spotify CEO Daniel Ek last night. The cat in this instance being Spotify’s long-awaited filing for its direct public offering (DPO), which was published last night.
The document offers the most detailed insight yet into Spotify’s current business and future prospects. We’ve been filleting the filing for the key data and a few surprises.
– Spotify ended 2017 with 159 monthly active users, including 71 million premium subscribers, up 29% and 46% respectively year-on-year. On average, each active user streams 25 ‘content hours’ (music and video) a month – just under 4bn total hours a month, and 40.3bn for 2017 as a whole. “Historically, our premium subscribers have streamed more than three times the amount of content per month than ad-supported Users,” noted Spotify.
The post Spotify files for its DPO: so what do you need to know? appeared first on Music Ally.
Source: Music ally

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