Spotify , the world’s largest digital music and podcast platform , published its financial situation report for the fourth quarter of 2023. Thus, the company’s number of users and revenue were revealed. Here are the details…
Number of Spotify active users and subscribers
Spotify , which has been on the agenda recently with its increase in subscription prices , has significantly increased the number of users according to data for the last quarter of 2023. There is also an increase in the money the company earns.
According to the data, Spotify ‘s number of active users increased by 23 percent to 602 million . It was stated that the company, which exceeded expectations, had its second best quarter. It was announced that the number of Spotify ‘s monthly paying subscribers reached 236 million . There is an increase of 15 percent .
The gross margin of the company, whose total revenue increased by 16 percent annually to 3.7 billion euros, was completed at 26.7 percent .
- Total revenue: 3.7 billion euros (+16%)
- Gross margin: Completed at 26.7 percent.
| 2023 Q4 | 2022 Q4 | |
|---|---|---|
| Number of Subscribers: | 236 million (+15%) | 205 million |
| Total Number of Users: | 602 million (+23%) | 489 million |
In addition, according to recent news , Spotify is getting an artificial intelligence feature. The artificial intelligence-supported playlist feature in question will create an album of songs suitable for the determined theme by users entering a prompt. It is unknown when this feature, which is reported to be currently in the testing phase, will be available.
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