Spotify subscribers rise to 236 million after document 12 months

Chart showing Spotify’s increase in users and subscribers.
Spotify’s rising userbase. | Picture: Spotify

Spotify now boasts 236 million Premium subscribers, a 4 % enhance over final quarter, whereas its whole variety of month-to-month lively customers rose 5 % to 602 million. The announcement got here as a part of its fourth quarter earnings launch, which covers the three months ending on December 31st. Over the course of 2023, Spotify’s userbase and premium subscribers grew by 113 and 31 million, respectively, setting data for the corporate.

The outcomes cap off a 12 months that included each cost-cutting and worth will increase for the world’s largest audio streaming service. Final December the corporate introduced it will be shedding 17 % of its workforce, or over 1,500 folks, in what was its third main spherical of layoffs in 2023. Spotify additionally…

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