Spotify Sees Q4 Total MAUs 601M, Implying Addition Of ~27M MAUs In The Quarter; Sees Total Premium Subscribers 235M, Implying Addition Of ~9M Net New Subs, Sees Total Revenue €3.7B
Portfolio Pulse from Benzinga Newsdesk
Spotify has reported its Q4 results, with total Monthly Active Users (MAUs) reaching 601 million, indicating an addition of approximately 27 million MAUs in the quarter. The company also reported total premium subscribers of 235 million, implying an addition of around 9 million net new subscribers. Total revenue for the quarter was €3.7 billion.
October 24, 2023 | 10:07 am
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POSITIVE IMPACT
Spotify's Q4 results indicate strong growth in both MAUs and premium subscribers, as well as robust revenue figures. This could potentially have a positive impact on the company's stock.
Spotify's Q4 results show a significant increase in both MAUs and premium subscribers, which are key metrics for the company's growth and profitability. The robust revenue figures also indicate strong financial performance. These positive results could potentially boost investor confidence and drive up the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100