Spotify surpasses 200 million paid subscribers for the first time
- Tech News
- February 2, 2023
- No Comment
The annual rise in revenue for Spotify was 14%.
As the year 2023 began, Spotify had 200 million subscribers. The platform’s revenues rose 14% yearly as a result of the increase in paying customers.
The platform currently boasts 489 million monthly active users (MAUs), a 20% year-over-year growth.
The music streaming service recently announced 6% job losses, despite the fact that the company claimed a rise in earnings. The platform is having trouble because of the present economic climate, just like other businesses.
The Verge asserts that rather than simple prosperity, investors may be at blame for layoffs.
According to the data, Spotify is thought to be the biggest music streaming service in the globe among rivals like Apple Music and Amazon Music.
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