Email:online@newsofbahrain Stockholm: Music streaming giant Spotify reported strong growth in the fourth quarter, with its monthly active users rising 11% to reach 751 million worldwide. The company also saw its number of paying subscribers increase to around 290 million, showing
Email:online@newsofbahrain
Stockholm: Music streaming giant Spotify reported strong growth in the fourth quarter, with its monthly active users rising 11% to reach 751 million worldwide.
The company also saw its number of paying subscribers increase to around 290 million, showing continued demand for its premium services. Revenue for the quarter climbed, supported by both subscriber growth and improved margins.
Spotify said the surge in users marked one of its strongest quarters ever, driven by new features, global expansion and popular initiatives like its annual “Wrapped” campaign.
The results highlight the platform’s growing global reach, as it continues to attract users across different markets while expanding into podcasts, audiobooks and other digital content.
Despite challenges in the streaming industry, Spotify’s latest figures show it remains the world’s leading audio streaming service with a rapidly expanding user base.
Pic Credit: AFP
