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Spotify surpasses 200 million subscribers but widens its losses

2023-01-31T11:41:25.685Z


The group's net losses amount to 430 million euros in 2022. The world's number one audio platform, Spotify, announced on Tuesday that it had reached 205 million paying subscribers at the end of 2022, beyond analysts' expectations, while widening its losses. The Swedish group, which has just announced a plan to cut nearly 6% of its workforce to adapt its costs to the growth in its turnover, suffered a net loss of 430 million euros last year. . Analysts on


The world's number one audio platform, Spotify, announced on Tuesday that it had reached 205 million paying subscribers at the end of 2022, beyond analysts' expectations, while widening its losses.

The Swedish group, which has just announced a plan to cut nearly 6% of its workforce to adapt its costs to the growth in its turnover, suffered a net loss of 430 million euros last year. .

Analysts on average had expected a loss of 441 million, according to Factset.

Source: lefigaro

All news articles on 2023-01-31

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