this post was submitted on 24 Oct 2023
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[ sourced from The Verge ]

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[–] autotldr@lemmings.world 1 points 1 year ago

This is the best summary I could come up with:


The number of people paying for Spotify Premium rose three percent to 226 million on a quarterly basis as the streaming service announced price increases across the US and several other global markets.

Spotify’s monthly active users (MAUs) also rose to 574 million as of September 30th, a four percent increase from last quarter.

Spotify says the net growth in monthly active users was the second largest third-quarter increase in its history.

Spotify’s latest subscriber figures came as part of today’s earnings report, which covers the three months ending September 30th.

In the midst of the quarter in late July, the company announced price increases — notable for being Spotify’s first in the US since launching there over a decade ago.

Spotify recently announced plans to allow Premium subscribers to listen to up to 15 hours of audiobook content as part of their subscription (it was previously available via an a la carte model).


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