Spotify Tops 300 Million Premium Subscribers as Revenue Rises

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Source: Engadget
Spotify Tops 300 Million Premium Subscribers as Revenue Rises
Photo: Engadget
TL;DR Summary

Spotify announced 300 million Premium subscribers (up 9% YoY), bringing total monthly active users to 777 million and €4.78B ($5.5B) in revenue with €545M net revenue and a 33.4% gross margin. The company highlighted features like Reserved early-ticket access and AI-generated personal podcasts, while noting outages in May and July and ongoing debates over AI content on the platform.

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