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Streaming service Spotify harbinger today that the Robert William Service now has more than 600 million monthly active users . The fellowship said in its Q4 2023 earnings composition that it added 28 million user in the quarter , which marks the secondly biggest quarterly gain in the company ’s history .
The Sweden - based party take down that apart from have 602 million substance abuser now , the help has over 236 million paid users — a year - on - year growth of 15 % . Last year , Spotify raised the price of its agiotage subscription tier in the U.S. for the first time from $ 9.99 per month to $ 10.99 per calendar month .
The company tell that the ratifier maturation was led by the residue of the World and Latin America , which represents 35 % of total paid user .
to boot , Spotify state that its year - goal Spotify Wrapped campaign , which gives insight to user about what they consumed on the platform , drew more than 225 million users .
In November , the company declare thatpremium users in the U.S. will have 15 minute of listening time per monthacross 200,000 claim . It also partnered withTikTok to let users save a song in a time directly to the Spotify app .
The troupe clear € 3.7 billion ( $ 3.97 billion ) in revenues with a class - on - class outgrowth of 16 % . It registered an operating loss of € 75 million , which is upright than the passing of € 231 million last year for the same stop . However , Spotify made € 32 million in profits in Q3 2023 . The troupe ’s ad tax revenue have parachute to an all - time high of € 501 million with 12 % year - on - year growth .
In December , the company cut17 % of its workforce , or about 1,500 people , to become more “ productive and effective . ”
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Last month , Spotify card mockups of howEU - based user could be capable to purchase subscriptions and ADHD - ons like audiobookson iPhones once the Digital Markets Act ( DMA ) live on into effect . years later on , Apple exhaust its guidelines about App Store changes to follow with the fresh rules , including a new “ core - technical school fee ” for over a million one-year downloads . In response , Spotify calledApple ’s changes “ extortion ” and a “ stark and total farce comedy . ”
