Spotify Surpasses Expectations with Surge in Users and Subscribers, Shares Surge

Spotify’s Q4 results show a surge in monthly active users and premium subscribers, with a focus on strategic initiatives like price increases and investments in podcasts and audiobooks driving growth.

7 February 2024 – Spotify has exceeded expectations in its fourth-quarter performance, reporting a significant increase in both monthly active users and premium subscribers across all regions. Despite falling slightly short of revenue estimates due to foreign exchange losses, the company remains optimistic about future profitability and growth prospects. – ref: Reuters

Author: Terry KS

Share This Post On