The most used digital music service provider with hundreds of millions of subscribers from around the world Spotifyshared its financial report as of the third quarter of 2023. The company grew above expectations, despite a recent raise. Here are the details…
Spotify exceeded expectations! Here is the financial report
Spotifyhas decided to raise prices in many countries, including Turkey, in recent months. While this price increase was deemed excessive in some countries, it was deemed reasonable in our country. Of course, it’s not us who say this, but the users.
The company managed to attract attention with the financial report it shared for investors today. According to this report Spotify‘s number of monthly active users compared to the third quarter of last year from 456 million 26 percent with an increase in to 574 million rose.
Spotify has been making iPhone users suffer for weeks!
Spotify users on the iOS platform have been struggling with performance problems for weeks. Let’s take a look at the details together…,
In the third quarter of last year 195 million The number of subscribers is 16 percent with an increase in the level to 226 million reached. There is also a significant increase in income, which is the most important part. Accordingly, the company’s income on an annual basis 11 percent increasing 3.4 billion Reached the Euro.
On the other hand, gross profit 26.4 percent while increased, 32 million euros operating income was generated. The company, which had been losing money for a long time, started to make a profit again in the third quarter. According to the data, it is possible to say that the company has achieved significant success over the years.
For Spotify‘s monthly active users of 2020 third quarterin 299 millionthe total number of subscribers is 138 milliondu. Of course, while the user chart was moving upwards, it was the opposite on the revenue side. As of the third quarter of 2023, the company has finally left these days behind.
The change in the number of Spotify monthly active users and total subscribers over the years is as follows;
| Number of Monthly Active Users | Total Number of Subscribers | |
|---|---|---|
| 2020 Q3 | 299 million | 138 million |
| 2021 Q3 | 365 million | 165 million |
| 2022 Q3 | 433 million | 188 million |
| 2023 Q3 | 574 million | 226 million |
So what do you think about this issue? You can share your opinions with us in the Comments section below.