Spotify reports record growth in a year of layoffs and price hikes

/ The streaming service posted a record increase in user additions for the year even as its criticisms of Apple’s fees dominate headlines.

By Jon Porter, a reporter with five years of experience covering consumer tech releases, EU tech policy, online platforms, and mechanical keyboards.

Spotify’s growing userbase. Image: Spotify

Spotify now boasts 236 million Premium subscribers, a 4percent increase over last quarter, while its total number of monthly active users rose 5 percent to 602 million. The announcement came as part of its fourth quarter earnings release, which covers the three months ending on December 31st. Over the course of 2023, Spotify’s userbase and premium subscribers grew

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