Spotify passed 700 million monthly active users in Q3, with subscribers hitting 281 million, a 12 percent increase over the same period in 2024. Total revenue was $4.9 billion, up 12 percent year-over-year, while net income surged 200 percent to $1 billion, attributed to price hikes, subscriber growth and strict cost management. The Swedish company surpassed analyst expectations on both the top and bottom lines. Revenue from premium subscriptions grew 9 percent in Q3. Advertising revenue for the period was down 6 percent, however, to about $515 million. Spotify recently integrated with ChatGPT so that users can get podcast and music recommendations from the popular chatbot. Continue reading Spotify’s Profits Surge 200 Percent for Q3, Topping $1 Billion

Deezer, the Paris-based music streamer, has teamed with TikTok to let users share songs, playlists and listening data on the mobile video platform. Listening stats from “My Deezer Month” and “My Deezer Year” can now be shared straight to TikTok. The move expands a relationship TikTok initiated last year when it added Deezer to its “Add to Music” program. The collaboration gives Deezer, which claims 9.6 million subs, broader reach while providing TikTok users a way to connect over shared interests. Also this month, Deezer added a protocol that allows music to be shared on other streaming music platforms. Continue reading Deezer Partners with TikTok to Let Fans Share Music and Data

Qobuz, an audio platform in operation since 2007 that has been growing in popularity worldwide, recently added the Direct Stream Digital (DSD) and Digital eXtreme Definition (DXD) audio formats as download options in its online store. Described as the ultimate in hi-res digital audio capture and playback, the two are not commonly offered. And while there is not yet a large catalog of songs, audiophiles welcome the news as a harbinger of things to come. Qobuz has already added about 22,500 mainly DSD tracks to its catalog of more than 100 million songs, and says there are more on tap. Continue reading Qobuz Queues Up Hi-Resolution DSD and DXD Music Tracks

Sonos, the company that helped launch the Wi-Fi speaker market is now branching into wireless over-ear headphones. The launch marks a much-anticipated and also inevitable move, considering the U.S. headset market was estimated to be almost $2.2 billion last year, nearly twice as large as the total for wireless speaker sales, according to market research firm Circana. Sonos Ace headphones have what is being called exceptional noise-cancellation and feature Bluetooth connectivity and a Wi-Fi chip so they can be used in conjunction with the Sonos soundbar for a personal home-theater experience. They ship June 5 for $449. Continue reading Sonos Rolls Out Its First Headphones, the $450 Bluetooth Ace

Tidal unveiled an upgrade to its paid music plan and introduced two new plans — a cost-free tier (a first for the platform) and Tidal HiFi Plus. The standard $9.99-per-month subscription, now called Tidal HiFi, provides users with lossless and high-resolution audio and customized listening insights through features such as Tidal Connect and My Activity. With the new $19.99-per-month Tidal HiFi Plus, users get immersive formats including Dolby Atmos and Sony 360 Reality Audio as well as exclusive access to Tidal’s Master Quality Authenticated recordings. Tidal also launched an innovative direct-to-artist payments program with plans to introduce fan-centered royalties next year. Continue reading Tidal Launches New Music Tiers, Model to Pay Artists Directly

Apple officially inked a deal to acquire Primephonic, a popular classical music streaming service. The tech giant reportedly plans to launch a standalone classical music app sometime in 2022. Due to the acquisition, Primephonic stopped accepting new customers immediately and will temporarily go offline on September 7, when Apple begins to integrate the app into Apple Music. Apple told worried fans that it will combine Primephonic’s classical user interface “that fans have grown to love with more added features.” Continue reading Apple Buys Primephonic, Plans to Debut Classical Music App

Apple Music and Amazon Music are unveiling high-resolution audio to subscribers at no extra cost. Amazon Music had announced that its Amazon Music HD is available to all eligible Amazon Music Unlimited subscribers and Apple revealed that subscribers will be able to access Lossless Audio, “to hear the exact same thing that artists created in the studio.” Apple Music users will, based on their connection, be able to choose music resolution from CD quality (16 bit/44.1 kHz) up to Hi-Resolution Lossless at 24 bit/192 kHz. Continue reading Amazon Music, Apple Music Unveil Hi-Res Audio for All Subs