"Spotify's Milestones: 236M Subscribers, 600M Monthly Active Users, and Earnings Report"

1 min read
Source: The Verge
"Spotify's Milestones: 236M Subscribers, 600M Monthly Active Users, and Earnings Report"
Photo: The Verge
TL;DR Summary

Spotify's fourth quarter earnings report revealed a 4 percent increase in Premium subscribers to 236 million and a 5 percent rise in monthly active users to 602 million. Despite a quarterly loss of €70 million, the company saw growth in average revenue per user and advertising revenue. Spotify's ongoing criticism of Apple's App Store policies and its delayed availability on Apple's new Vision Pro headset have raised questions. Additionally, the company has yet to announce a launch date for its long-awaited lossless streaming option.

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