Spotify Hits 205 Million Paid Subscribers, Topping User Growth Targets for Q4 With Record Total Quarterly Gain

Spotify packed on 10 million Premium customers in the last three months of 2022 to stand at 205 million, topping its previous guidance. The growth of its paid subs, up 14% year over year, was “aided by promotional intake and household plans,” the company said. Overall, the streamer gained 33 total monthly active users in the fourth quarter — a record high — to reach 489 million (free and paid), up 20% year over year. Amid signs of a flagging economy, Spotify posted €3.17 billion in revenue, up 18% from the year-earlier period an in-line with guidance, and a net… Read Full Article