Spotify posted its quarterly report, and the numbers look promising. During the last three months, the streaming platform increased its MAU (monthly active users) by 28 million, surpassing its expectations and reaching 600 million, a new high for the Swedish company.
Revenue for the full 2023 was €3.7 billion (about $4 billion), which is 16% more than 2022. Operating income did slip into the red with a loss of €75 million, but the company boasted that its ad revenues reached an all-time high of €501 million.
The 602 million active users include 236 million Premium subscribers. The…
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