Spotify now has more than 100 million monthly active users

The Swedish streaming service has 10 times as many users as Apple Music

Streaming service Spotify has revealed it now has more than 100m monthly active users.

Spotify also told The Telegraph that 30% of its monthly active users are paying subscribers, who are charged £9.99 a month in the UK, €9.99 a month in Europe and $9.99 a month in the US.

Rival streaming service Apple Music surpassed 10 million subscribers in January, just over six months after it launched at the end of June 2015. Meanwhile, Tidal surpassed one million subscribers in October.

French streaming service Deezer has said it has 15 million monthly active users, of whom six million are paying subscribers.

Spotify is now worth a massive $8.5bn, making it Europe’s most valuable startup company. Despite this, the Swedish company has failed to make a profit since it launched in 2006.

Though Radiohead frontman Thom Yorke made headlines in 2013 by calling Spotify “the last desperate fart of a dying corpse”, the band’s latest album ‘A Moon Shaped Pool’ has now been added to Spotify.

Spotify recently revealed it was in talks with the band to make ‘A Moon Shaped Pool’ the first release available solely to paying Spotify subscribers. However, the album was ultimately made available to all Spotify users, paying or not.