Spotify Gains 10 Million Premium Subscribers as Revenue Rises 16% in Q4, Incurs Charge for Mass Layoffs

Spotify pulled in more than new listeners than it expected for the fourth quarter, as the streamer narrowed its net loss and took a charge related to mass layoffs at the end of 2023 to cut expenses. For the fourth quarter of 2023, the company reported revenue of €3.67 billion, up 16% and in-line with […]
Variety