24 Hrs
Source:
Los Angeles Times
Spotify reaches 300 million premium users
Spotify has achieved a record 300 million premium subscribers, marking a milestone in audio streaming history. The company’s latest earnings report shows a 9% increase in premium subscribers and a 12% rise in monthly active users to 777 million, with revenue up 14% to €4.8 billion. Spotify announced a new AI partnership with Merlin to enable artists to participate in AI-generated remixes and covers, while also expanding its AI features like personalized podcasts and multilingual AI DJ. Despite challenges faced by some indie artists over streaming practices, Spotify emphasizes its efforts to fairly credit and compensate artists within its evolving AI ecosystem.
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