Spotify Hits 205 Million Paid Subscribers, Topping Previous User Growth Targets for Q4

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Spotify Hits 205 Million Paid Subscribers, Topping Previous User Growth Targets for Q4
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Spotify packed on 10 million Premium customers in the last three months of 2022 to stand at 205 million, topping its previous guidance. The growth of its paid subs, up 14% year over year, was &#822…

The streaming-audio company had projected ending Q4 with 202 million paid subs and total monthly active users of 479 million . Spotify had forecast revenue of €3.2 billion and an operating loss of €300 million for the year-end quarter.

“We ended 2022 with strong Q4 performance as nearly all of our [key performance indicators] surpassed guidance,” Spotify said in its quarterly shareholder deck. The company said revenue growth, excluding theAhead of the Q4 report,

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