Spotify posted its financial report for the final quarter of 2022 and there is some good news and some bad news. First, the good news. It beat expectations and had 205 million paying subscribers at the end of the year, making it the first streaming service to cross the 200 million mark.
Its monthly active users (MAU) reached 489 million, this includes the subscribers using the ad-supported tier. For comparison, Spotify had 195 million premium tier subscribers at the end of Q3 last year and 456 million MAU. The addition of 33 million MAU was Spotify’s largest-ever Q4 growth.
Now for…
Article Source: Gizbot