Friday, 24 March, 2023

With 406M active users, $3.03B Q4 revenue Q4, Spotify's growth continues

<p>Spotify released its fourth-quarter results on Wednesday, reporting a year-on-year revenue increase of 24% and a more than 20M increase in monthly active users compared to Q3. The audio platform reported fourth-quarter revenue of $3.03B and 406M monthly active users. The company added 20M new users in Q4 and expects to reach 418M total users in Q1. Premium revenue grew 22% year-over-year to $2.594B while ad revenue grew to $445.3M.</p>