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Spotify reports quicker growth since Apple Music's launch

It now boasts close to 100 million users in more than 59 markets despite increasing competition

Mr Forster said it was reassuring that the company's conversion rate for turning new users of the advertising-based service into subscribers had held up at 25 to 30 per cent, despite its user growth.


MUSIC streaming service Spotify has seen a faster pace of growth since the launch in June last year of rival Apple Music, a top executive said.

Spotify, which was created in Stockholm 10 years ago, now boasts of having close to 100 million users in more than 59 markets,...

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