The global music streaming market is projected to reach $14.3 billion by 2025, with Spotify being the largest player.
- As of 2022, Spotify had over 520 million monthly active users worldwide.
- The average user spends around $10 per month on premium plans, which translates to approximately $1.2 billion annually.
- The majority of Spotify's revenue comes from its premium subscription service, accounting for about 85% of total revenue.
Statistics Shared On Spotify Gift Cards
Spotify gift cards have been a popular way to give music enthusiasts their favorite artists and albums, but they also come with some interesting statistics.
- The average value of a Spotify gift card is around $25-$35 per user, based on the number of premium subscriptions they hold.
- Spotify's revenue-sharing model with content creators gives them an estimated 60% cut of song royalties, while artists earn around 30-40% of total revenue.