Almost a quarter-billion people now pay for Spotify

Spotify issued its results for the fourth quarter of 2023 today (February 6). Here’s what we learned.

• 236 million people pay for a monthly Spotify subscription, up 10 million in those threw months. That’s up 15% from the same time in 2022.
• The platform has total monthly active users (MAUs) of 602 million. That’s up 23% from the same period in 2022.
• Ad-supported revenue hit an all-time high.
• Yes, Spotify lost money (€75 million) even though it brought a record €3.170 billion in revenue.
• 19% of Spotify’s users are in North America.
• 28% of Spotify’s users are in Europe.
• Latin America accounts for 22% of all of Spotify’s listeners. The “Rest of the World” (everyone outside of North America and Europe) accounts for all of Spotify listeners.
• 9,241 people work for Spotify. That’s down about 1,500 from a year earlier.
• Spotify is home to 200,000 audiobooks.