Spotify reports strong user growth as it is raising subscription price

Spotify just reported its second-quarter earnings and the two most impressive metrics are the number of subscribers and the total number of Spotify users. There are currently 220 million people who pay for a Spotify subscription around the world — that number is up 17% year over year.
Overall, Spotify now has 551 million monthly active users. That means that 331 million users are currently using the service every month with a free, ad-supported account. Spotify has never added as many users in a single quarter — 36 million new active users.
In other words, Spotify is growing nicely, but the co

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