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Spotify announced Monday in its Q1 earnings release that it reached 100 million paid subscribers worldwide, the most of any streaming music base.
Why it matters: Spotify’s emphasis on global reach in India, bundling with Hulu and acquisitions of podcast companies Gimlet Media, Anchor, and Parcast put it far ahead of Apple Music, which recorded 50 million subscribers worldwide. Apple Music's subscriber base still leads the U.S. with 28 million versus Spotify's 26 million, per the Wall Street Journal.
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