Watch: Spotify CEO message on company’s ‘record-breaking’ Q4 2023
Watch: Spotify CEO message on company’s ‘record-breaking’ Q4 2023
Spotify said that its monthly active users increased by 23% to 602 million. Premium subscribers, the main revenue source, grew by 15% to 236 million. Despite a 16% revenue rise to 3.67 billion euros, it fell short due to foreign exchange losses, impacting first-quarter revenue expectations. Spotify CEO Daniel Ek emphasised on utilising various strategies, including price adjustments, to enhance profitability.
Spotify said that its monthly active users increased by 23% to 602 million. Premium subscribers, the main revenue source, grew by 15% to 236 million. Despite a 16% revenue rise to 3.67 billion euros, it fell short due to foreign exchange losses, impacting first-quarter revenue expectations. Spotify CEO Daniel Ek emphasised on utilising various strategies, including price adjustments, to enhance profitability.
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Spotify said that its monthly active users increased by 23% to 602 million. Premium subscribers, the main revenue source, grew by 15% to 236 million. Despite a 16% revenue rise to 3.67 billion euros, it fell short due to foreign exchange losses, impacting first-quarter revenue expectations. Spotify CEO Daniel Ek emphasised on utilising various strategies, including price adjustments, to enhance profitability. 
