Spotify announced today on Twitter it has reached 70 million paid subscribers on the streaming music service. The company first tweeted at 11:46AM PST, which was then deleted, only to be again tweeted nearly an hour later:
Hello 70 million subscribers ?
— Spotify (@Spotify) January 4, 2018
Last summer, Spotify announced it had passed 140 million active monthly users, worldwide, which includes its ad-sponsored free tier.
Spotify has a huge lead over Apple Music, which has “well over” 30 million subscribers, according to executive Jimmy Iovine, from last September.
Yesterday, it was reported Spotify is currently being sued for $1.6 billion USD by Wixen Music Publishing, alleging copyright infringement over the streaming of unlicensed songs.
According to Axios, Spotify has filed for its IPO secretly with the SEC last month, in what could be a listing set for Q1.