Spotify is feeling pretty upbeat about Spotify in the days leading up to its widely-anticipated listing on the New York Stock Exchange.
The streaming music giant shared its quarterly and yearly outlook in its latest Securities & Exchange Commission filing, published earlier in the week, including a prediction of between 92-96 million paid premium subscribers by the end of 2018, up 30-36% year on year.
Spotify’s prognosticators also project between 198 and 208 million active users, a year-on-year growth rate of 26-32%. That figure will include subscribers from the recent rollout in South Africa, Israel and Vietnam, lifting its global territory count to 65 markets.
Those full-year projections also bear an operating loss of €230-330 million ($371-$532 million), which will factor in the one-off cost of its direct listing, estimated at about €35-40 million (and booked for Q2). Revenue for the full- year is anticipated to reach or even surpass €5 billion, up 20-30% from the previous year figure.
Those hefty losses aside, Spotify appears to be running its own global race to sign up music fans. In the first quarter alone, its base of paid subscribers grew to 73-76 million (up 41-46% year-on-year) on total active users of 168-171 million (up 28-31%) with revenue in the range of €1.10-1.15 billion.