Spotify passes 600 million users, expects profitable 2024 start

The company reported solid increases in the fourth quarter in terms of monthly active users and 180 million premium subscribers, in line with earlier forecasts. — Photo by Stefani Reynolds/AFP

STOCKHOLM: Music streaming giant Spotify on Tuesday said it passed 600 million monthly users at the end of 2023, and that it was expecting a profitable first quarter of 2024.

"Spotify had a very strong quarter, rounding out a great year of truly remarkable growth across the company," CEO Daniel Ek said in a post to X after the company published its fourth quarter earnings.