One of the most popular online music and podcast platforms in the world. Spotifyhas published its financial situation report for the last quarter of 2022. The published report is on the Spotify front. that your faces smile it reveals. Because after a very good year, Spotify announced that it has 205 million paying subscribers. For the first time in the world, a music and podcast platform, 200 million subscribers has exceeded its limit.

If we look at Spotify’s statements, we see that the number of paying subscribers is on an annual basis. 14 percent increase we see it happening. The number of monthly active users of the platform increased by 20 percent to 489 million. Spotify management, while making a statement for the prior quarter, put its year-end estimates at 202 million paying subscribers and 479 million monthly active users. Official results, Spotify’s exceeded your expectations shows.

Although the number of active users has increased, the loss has been made!

Spotify’s financial position report for the last quarter of 2022 shows that the platform has improved over the past three months. He revealed that he lost 231 million euros. Actually, this was to be expected. But even this figure paints an optimistic picture. Because Spotify thought it had lost 300 million euros for this quarter. In the meantime; the total amount of money entering the company’s treasury 3.16 billion euros Let me also point it out.

Spotify focused on growth, not profit, in the last quarter. This naturally allows the company to focus on new features and services. to spend more money led to Of course it will have a natural consequence. on Spotify massive layoffs will make.