Spotify Tops 300 Million Premium Subscribers as Revenue Rises

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

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.

Share this article

Want the full story? Read the original reporting

Read on Engadget