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The company announced that it has 205 million premium subscribers, with a total of 489 million users.


Spotify announced 195 million premium subscribers during its October earnings call and is on track to hit 200 million subscribers by the end of the year. Today, the company announced that it has achieved that goal and surpassed the milestone of 205 million premium subscribers. This information was shared with the company’s other financial information in its fourth quarter 2022 financial performance report.

The company also shared that in addition to Spotify’s 205 million premium subscribers, it now has 489 million active users. For the most part, it’s been a busy year for the streaming service, investing in new podcast shows and acquiring Kinzen. The company shared that it has expanded its audiobook service to Australia, England, New Zealand and Ireland. The company also added billing support through the Google Play Store late last year.

During CES, Google announced its partnership with Spotify to integrate Connect with the default Android 13 media player. While competitors such as Apple Music and Amazon Music have raised prices, Spotify has yet to do so, although co-founder and CEO Daniel Eck shared last year that he wanted the company to discuss price increases with labels. Partners. Despite all the good news, Spotify continues to operate in the red, and like many other companies in the technology sector, it recently had to lay off hundreds of employees.

In addition to all this news, we still haven’t heard any new information about the company’s HiFi service, which was delayed indefinitely a year ago. However, there is always the possibility that one day it will reach platinum status as a streaming service. Until then, we’ll just have to wait and hope.

Source: Spotify