
Spotify has announced its fourth-quarter earnings report, and the results are impressive. The music streaming service has added a record-breaking 35 million monthly active users in Q4, surpassing previous highs.
According to the company’s financial statement, this significant growth is attributed to the platform’s continued expansion across various markets, particularly in emerging regions such as Latin America, Africa, and Asia. This increase in user base demonstrates Spotify’s commitment to diversifying its offerings and catering to a broader audience.
As a result of this growth, Spotify’s monthly active users have reached an all-time high of 456 million.
Source: http://www.billboard.com