Spotify’s Valuation Reaches $4 Billion…

18 February 2014, Tuesday

Spotify, which entered the Turkish market in September, has secured a new $250 million investment, raising its company valuation to $4 billion. Operating in 32 countries, Spotify generates most of its revenue from premium memberships, with the remainder coming from advertisers.

It is known that Spotify has 24 million active users who use the service for free, while 6 million users pay $10 per month for Spotify subscriptions.

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