Spotify shared its financial situation report for the fourth quarter of 2021, which ended on December 31. During this period, the company’s advertising revenue is year-over-year. 394 million euros, up 40 percent it happened. Total revenue from year to year increased by 24 percent to 2.69 billion Euros. rose. In addition, the income from the Premium service is approximately 2.3 billion euros recorded as.
The Sweden-based digital music and podcast platform also detailed the number of both paid and free users in addition to its revenue report. Spotify announced in October 2021 ‘over 400 million users by the end of the year’ while reaching its goal; The number of premium subscribers also increased compared to the previous quarter.
Spotify completely revamped in-app icons
Spotify; Changed all in-app icons including Home, Library, Play button, Search button.
Spotify Premium subscribers exceed 170 million
The company announced that it had 172 million Premium subscribers and 220 million ad-supported users in the third quarter of 2021. In the fourth quarter, the total Spotify has 406 million users reaching, The number of premium members also reached 180 million. rose. It was announced that 236 million people use the application with advertisements.
Looking at the fourth quarter data of 2020, the number of Spotify active users was 345 million. also 155 million Premium It had 199 million subscribers and 199 million users with ads. Despite the intervening two years, the company could not pass the 200 million threshold in the number of paid members. However, it managed to achieve a significant increase in Premium revenue, which was 1.8 billion Euros at that time.
on the other hand Spotify, the Neil Young thing It also faces the backlash of a group of users. For those who do not know the subject; podcast publisher Joe Rogan published his interview with the anti-vaccine on the platform, and moreover, a drug whose scientific benefit has not been proven He suggested that it be used in the treatment of the virus.
Many artists, especially the famous musician Neil Young, started a boycott against Spotify. Artists who requested removal of broadcasts where Joe Rogan misinformed people about COVID-19 said they would otherwise withdraw from Spotify. Thereupon, the company decided to add advisory warnings to podcasts on Kovid.
Big confession from Spotify about COVID-19!
Breaking its silence after the ‘Neil Young’ incident, Spotify announced its new decision about podcasts on COVID-19.
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