Music Industry

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.

Alan Cross

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 40+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.

Alan Cross has 37880 posts and counting. See all posts by Alan Cross

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