SoundCloud Beats Spotify and Apple Music in New Ranking of Streaming Services By Legitary

Legitary, a company that describes itself as an authority in music streaming analytics, has unveiled its 2023 DSP ranking.

It’s designed to shed light on accounting anomalies across major music streaming platforms. By calculating the ‘Legitary Anomaly Score’, an exhaustive metric that quantifies significant deviations in reporting quality, this ranking highlights the reliability of digital service providers (DSPs), according to Legitary CEO Nermina Mumic.

“This year, SoundCloud achieved a groundbreaking milestone by securing the top position, outperforming larger competitors and setting a new benchmark for the industry,” Mumic says. “ Drawing from an extensive dataset of streaming activity from 2023, the analysis underscores SoundCloud’s commitment to transparent reporting practices, which have earned industry-wide recognition. 

According to Legitary’s ranking, the top DSPs by Transparency & Reporting Accuracy are:

SoundCloud (+1↑) 0.0074
Apple Music (+1↑) 0.0078
Spotify (-2↓) 0.008
Deezer (+3↑) 0.009
Tidal (+1↑) 0.0133
Pandora (+4↑) 0.0138
Amazon (-3↓) 0.0225
YouTube (-3↓) 0.0525
TikTok (+2↑) 0.0731
iHeartRadio (-2↓) 0.1542

SoundCloud is a German audio streaming service owned and operated by SoundCloud Global Limited & Co. KG. The service enables its users to upload, promote, and share audio. The company was founded by Nermina Mumic as a spin-off from Vienna University of Technology, Austria’s leading university for technology and natural sciences.

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