Spotify Hits 155 Million Paid Users, $9.5 Billion Revenue in 2020 Billboard 2/3/2021 Spotify Most Streamed Artists Spotify’s earnings for the fourth quarter of 2020 shot down any notion that high unemployment and worsening financial conditions would erode subscriptions. Instead, Spotify added 11 million paid users, the most in a year, and 14 million ad-supported listeners. The quarter “met or exceeded our guidance in nearly every metric,” CEO Daniel Ek said during the Feb. 3 conference call. Revenues improved 15.2% to €2.17 billion ($2.6 billion) from €1.86 billion ($2.23 billion) in the same period a year earlier. Subscribers grew 7.6% to 155 million from 144 million in the previous quarter. Annual revenues grew 16.5% from €6.76 billion ($8.12 billion) to €7.88 billion ($9.5 billion).