Spotify added 10 million paying subs in the fourth quarter, exceeding its own targets; it also reported net additions of 33 million to end 2022 with 489 million monthly active users, 'our largest-ever fourth-quarter growth'
ended 2022 with better-than-expected user growth, but its latest quarterly loss widened amid investments in podcasting growth, among other factors. The company said on Tuesday that it ended the fourth quarter with 205 million premium, or paying, subscribers, up from 195 million as of the end of the third quarter and ahead of its own target, “aided by promotional intake and household plans.”
Spotify also disclosed that it hit 489 million monthly active users as of the end of December, up from 456 million at the end of September. “Net additions of 33 million represented our largest-ever fourth-quarter growth,” the firm highlighted.
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