Spotify posts profit in Q3 after price hike; user base jumps 26% to 574 million
Spotify's quarterly performance was helped by 16% YoY growth in its paid subscriber base to 226 million subscribers in Q3 2023
Source: moneycontrol.com
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Spotify's quarterly performance was helped by 16% YoY growth in its paid subscriber base to 226 million subscribers in Q3 2023
Spotify has diligently controlled costs, including a 6% reduction in its workforce earlier this year and raising prices for its premium plans in July.