Getting hot in Sweden
February 01, 2023

The first! - Spotify has 200 million paid subscribers

Spotify’s number of premium subscribers increased to 205 million as of December 31st, the company announced in this week's earnings release, representing a 14 percent increase year-on-year. That helped increase its monthly active users to 489 million, a 20 percent rise. On the other hand, Spotify posted €3.17 billion in revenue, up 18% from the year-earlier period, and a net loss of €270 million, Variety reports. Spotify is widely considered to be the largest music streaming service in the world, and the first one to reach 200 million subscribers.