According to its latest financial report, Spotify is reaching new heights of premium (and ad-supported) usage around the world... while continuing to bleed money.
as we've come to expect over the years, but for some reason, the music streaming industry doesn't appear to be suffering any consequences of a tough economic climate around the world.
There are now 205 million people worldwide paying for Spotify's"Premium" service tier, up no less than 10 million from Q3 2022 and a cool 25 million versus Q4 2021. How does the new milestone compare to the competition? Unfortunately, there's no way to know... for sure. It's equally true that Apple is very clearly prioritizing the profitability of its"Services" division as a whole over the subscriber growth of each individual platform, while Spotify continues to bleed money as it brings in more and more listeners.
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