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Beyonce, Nicki Minaj & More Boost Spotify Revenue By 40%

Published: Monday 16th Oct 2017 by David

Beyonce‘s loyalties may lie with the force that is TIDAL but that’s done little to stop Spotify from making beaucoupe bucks her songs secure on the platform.

More below…

With over 1 billion spins between them, Beyonce & Nicki Minaj sweetened things up for Spotify this year as fans rushed through its doors to support their earlier material in anticipation for their new albums.

The result?

A 40% gain in revenue.

The Information reports:

The music streaming service recorded revenue of 1.9 billion euros ($2.2 billion) in the first half of this year, according to two people briefed on the numbers, putting it on pace for about 4.1 billion euros in 2017. That would be about 40% higher than last year’s revenue. Spotify again recorded a significant operating loss, of between 100 million and 200 million euros in the first half of the year, according to one of the people briefed on the numbers, which the company shared with investors.

Now, with 60 million paying subscribers in its pocket and revenue on the rise, the company is expected to go public by allowing its insiders to sell their stocks in public markets (direct offering) within the next few months.

With all of this mind, we ask…

Why do you think Beyonce & Nicki are outperforming their peers on the platform?

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Comments 13

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  1. Chasin Time October 16, 2017

    The excerpt doesn’t mention either of them? So this was just another pointless post. Y’all should invest time into writing articles about new up and coming acts instead of making up stories for some that are chillin at the moment.

    • BeyHive October 16, 2017

      So Spotify’s profits don’t benefit from Nicki and Bey?

  2. kenny October 16, 2017

    bad girl nice riri

  3. Ocean October 16, 2017

    Which peers are they doing better than?

    This post is poor

    • BeyHive October 16, 2017

      Darling go and see for yourself. Did you want them to name those peers so you could accuse them of being shady?

      • Onika Dream October 16, 2017

        You know very well that David isn’t going to name all the singers Bey and Nicki are slaying because he isn’t shady.

    • More Than A Woman October 16, 2017

      Since you want to start drama honey I’ll name. Rihanna, Kim and Remy Mishap aren’t touching them. In fact neither is Missy Elliott which is karma for her not doing anything to protect Aaliyah from all the predators who preyed on her. But that’s another story.

  4. China October 16, 2017

    Nicki DOES NOT SELL RECORDS OR SELL OUT VENUES,

  5. Jeans October 16, 2017

    Y’all will do anything to put Beyoncé name on a post. GTFOH

  6. blue October 16, 2017

    the delusion in the title and some of these comments. bye and Nicky aren’t even the most streamed female artists on spotify this year. rihanna rules among all women and drake, ed and Kendrick for men. but let’s not go with facts…

  7. blue October 16, 2017

    only bey and nicki’s peers are katy, gaga, rihanna, Adele, Taylor and let me tell you rihanna has out streamed everyone of them, she has more streams this week than bey and nicki combined

    • DanYiel Iman October 16, 2017

      Of.course her music is streaming a lot Ester Dean pens her some nice tracks!!🤔Especially for those flat alto tones..

  8. Rihboy October 16, 2017

    Fake news. When they reported not to long ago that Rihanna alone had more than a billion streams herself. Ida what to believe from these blogs anymore. And nicki feature me a lot better be slaying in streams. She is on every bodies song.

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