As of the week ending September 12, 2024, Sabrina Carpenter's 'Taste' was the most-streamed track on Spotify in the United Kingdom (UK), with 4.39 million streams, followed by 'Good Luck, Babe!' by Chappell Roan, with 3.06. million streams.
UK tops European streaming market
The UK’s digital music industry is forecast to hit a revenue of one billion U.S. dollars by the end of 2020, making it the leading European market ahead of Germany and France. Despite consisting of both purchases (individual tracks and/or albums) and streaming subscriptions, the industry owes most of its revenue to the latter. In fact, streaming is forecasted to continue generating more each year until at least 2025, according to Statista’s market outlook. In contrast, revenue from music downloads will remain roughly the same. As of the first quarter of 2020, Spotify is the leading music streaming service in the UK.
Spotify’s declining ARPU
With the increasing uptake of Spotify’s family plans and various other bundles, users are discovering more ways to cut their monthly streaming budget. In light of this, Spotify’s ARPU (average revenue per user) is forecast to experience a gradual decline starting from 2021. This will have little effect on the penetration rate of music streaming in the UK however, which is expected to continue increasing each year.
Most-streamed weekly tracks on Spotify in the United Kingdom (UK) on October 22, 2024
(in thousands streams)
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Kworb.net. (October 24, 2024). Most-streamed weekly tracks on Spotify in the United Kingdom (UK) on October 22, 2024 (in thousands streams) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1113918/spotify-most-streamed-tracks-in-the-uk/
Kworb.net. "Most-streamed weekly tracks on Spotify in the United Kingdom (UK) on October 22, 2024 (in thousands streams)." Chart. October 24, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1113918/spotify-most-streamed-tracks-in-the-uk/
Kworb.net. (2024). Most-streamed weekly tracks on Spotify in the United Kingdom (UK) on October 22, 2024 (in thousands streams). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1113918/spotify-most-streamed-tracks-in-the-uk/
Kworb.net. "Most-streamed Weekly Tracks on Spotify in The United Kingdom (Uk) on October 22, 2024 (in Thousands Streams)." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/1113918/spotify-most-streamed-tracks-in-the-uk/
Kworb.net, Most-streamed weekly tracks on Spotify in the United Kingdom (UK) on October 22, 2024 (in thousands streams) Statista, https://www.statista.com/statistics/1113918/spotify-most-streamed-tracks-in-the-uk/ (last visited November 21, 2024)
Most-streamed weekly tracks on Spotify in the United Kingdom (UK) on October 22, 2024 (in thousands streams) [Graph], Kworb.net, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/1113918/spotify-most-streamed-tracks-in-the-uk/