Spotify Exceeds 500 Million , Monthly Active Users.
The Verge reports that Spotify
boasted over half a billion users as of March 31.
Compared to the same time
last year, that is a 22% increase
for the streaming service. .
According to CEO Daniel Ek, this is
Spotify's second-largest quarter of
user growth in the service's history.
Spotify now has 210 million paid subscribers, also
showing a significant 15% increase year-over-year.
The Verge reports that the news comes
following a quarter in which Spotify looked
to streamline its operations and cut costs.
The Verge reports that the news comes
following a quarter in which Spotify looked
to streamline its operations and cut costs.
In an earnings call, Ek said
that the service's critical priorities for
2023 were "speed and efficiency.".
Despite the increase in subscribers, Spotify posted
a $248 million net loss in the first quarter of 2023.
The Verge reports that Spotify is largely
thought to have more paid subscribers
than any other music streaming service.
The Verge reports that Spotify is largely
thought to have more paid subscribers
than any other music streaming service.
While Tencent and YouTube have more
monthly active users, both are hard to compare
with Spotify, as they offer very different services.
While Tencent and YouTube have more
monthly active users, both are hard to compare
with Spotify, as they offer very different services.
The latest earnings report offered no update
on when Spotify's new HiFi tier, which
will offer lossless audio, will be available.
The latest earnings report offered no update
on when Spotify's new HiFi tier, which
will offer lossless audio, will be available