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Spotify earnings, Grimes takes AI-based music approach + Cafe X CEO Henry Hu | E1728
This Week in Startups
Spotify's Average Revenue Per User Is $11.70
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There are very few services in the world that reach 500 monthly active users outside of China. Spotify makes four bucks and 74 cents, Disney is at $3.93 largely because they started with a lower pricing. They expect their average revenue to drop over time as more people take the ad choice. Daniel: I don't think I've ever seen anything like how fast innovation and progress is happening in all the really cool and scary things that people are doing with AI.
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