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Spotify Growing Rapidly in India in Terms of Monthly Active Users

The results of the music streaming apps suggest that it has been able to check competition from Apple

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The Spotify Premium trial service, which was earlier available for 30 days, lets users skip any track, listen offline, hear high-quality music and use the app on their mobile device as a computer remote control. Pixabay

Swedish music streaming app Spotify on Monday said it grew rapidly in India in terms of monthly active users, outperforming its forecast by 30 per cent.

Globally, Spotify’s monthly active users grew 30 per cent year-over-year to 248 million, outperforming the high end of its guidance.

“Developing regions continue to be a significant driver of this outperformance,” Spotify said in a letter to investors.

“Of note, India outperformed our forecast by 30 per cent this quarter. This momentum was driven by a number of factors including the launch of our first broad-based marketing campaign, ‘Sunte Ja’ (Listen On), since launch in February,” the company said.

The number of its premium subscribers globally grew 31 per cent in the third quarter of this year to 113 million.

Spotify Music still leads outside of the US, tallying 75 million subscribers as part of its first earnings report in May.
Spotify Music still leads outside of the US, tallying 75 million subscribers as part of its first earnings report in May. Pixabay

“Net subscriber growth exceeded our expectations and was led by strong performance in both Family Plan and Student Plan. All other product offerings were mostly in line with expectations,” Spotify said.

The company which saw “exponential growth” in podcast hours streamed, posted an operating profit of euro 54 million.

“For music listeners who do engage in podcasts, we are seeing increased engagement and increased conversion from Ad-Supported to Premium,” Spotify said.

Also Read: I Don’t Take Pressure Now, Says Actress Priyanka Chopra Jonas

The results of the music streaming apps suggest that it has been able to check competition from Apple.

“We continue to feel very good about our competitive position in the market. Relative to Apple, the publicly available data shows that we are adding roughly twice as many subscribers per month as they are,” Spotify said. (IANS)

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Novel Coronavirus: Government Deploys Health Team on Nepal Border

Many Indian students studying in Wuhan, the epicentre of the outbreak have been stuck there

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Coronavirus
The Coronavirus outbreak, which has so far caused 41 deaths in China, and caused the country to quarantine 16 cities, is causing comparisons to the 2003 spread of severe acute respiratory syndrome, or SARS, which decreased the value of the global economy by $40 billion. VOA

In the wake of a confirmed case of novel coronavirus in Nepal, the Union Health Ministry has subsequently strengthened its vigil in the areas bordering Nepal.

The recent deployment of health team has taken place at Panitanki in West Bengal, entry point from Nepal, said the Health Ministry on Monday.

“Update on #ncov2020 – Subsequent to confirmed #coronarvirus case in #Nepal, vigil strengthened at Panitanki (West Bengal) entry point from Nepal,” the ministry tweeted.

Earlier on Sunday the ministry had informed that in response to confirmed case of the new virus in the neighbourhood country Nepal, India stepped up vigil in districts bordering Nepal. The health ministry said that teams of medical experts were also deployed at border outpost with Nepal at Jhulaghat and Jauljibi in Pithoragarh district in Uttarakhand.

Coronavirus
Southeast Asia’s proximity to China and dependence on that nation for a major share of its economy is raising concerns that the coronavirus outbreak  that started there will not only have health impacts but harm the region’s economies. VOA

In continuation of its efforts to stop the virus from entering in India and making the passengers aware, the ministry has also displayed signage advising the passengers for self reporting and other precautions, disseminated through advisories, at the Mumbai airport.

According to the health ministry, a total of 29,707 passengers from 137 flights have been screened. Fortunately, no case of coronavirus has been found till date.

Also Read: Patients May Suffer Invasive Treatments for Harmless Cancers: Researchers

According to the announcement made by Chinese health authorities on Monday, 2,744 confirmed cases of pneumonia caused by the novel coronavirus (2019-nCoV), including 461 in critical condition and a total of 5,794 suspected cases have also been reported. The killer virus has caused 80 deaths in China, as per Chinese authorities.

Many Indian students studying in Wuhan, the epicentre of the outbreak have been stuck there. The health ministry said it is working closely with the Ministry of External Affairs and is in touch with the students. (IANS)