Spotify shared muted subscriber growth expectations of 3 million for its next quarter as multiple artists and podcasters leave the platform
said it had 180 million paid subscribers and 406 million monthly active users to end 2021, falling within its expectations for the quarter of 177 million to 181 million paying subscribers and 400 million to 407 million monthly active users.
Advertising revenue grew to 394 million euros, or around $445 million, in the fourth quarter, up 40 percent year-over-year, while total revenue hit 2.69 billion euros, or about $3.04 billion. The audio giant also noted that its podcast library grew to 3.6 million in Q4, up from 3.2 million at the end of Q3.
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