![]() ![]() What does that mean for the financials? Spotify’s subscription revenues grew by 18% year-on-year to €2.72bn in Q4 2022, although the quarter-on-quarter growth was only 2%. Just under 42% of Spotify listeners are now subscribers. That’s 20% growth year-on-year, and it’s 10 million more than Spotify predicted in its guidance for the quarter.Ģ05 million of those listeners were using a paid Spotify subscription, which means 10 million net new additions during Q4 (three million more than its guidance) and year-on-year growth of 14%. The music streaming services ended 2022 with 489 million monthly active users, having added 33 million during Q4. It’s a familiar story of growth in listeners, subscribers and revenues, but also operating losses. Spotify has published its financial results for the fourth quarter of 2022, and thus for the entire year.
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