The number of paid subscribers to the mu Spotify, has reached 220 million.
The streaming company disclosed in its Q2 2023 earnings call that its subscribers grew by 17% year-over-year.
The company also disclosed that its monthly active users has reached 551 million.
The disclosure is coming a day after Spotify increased the prices of its monthly subscriptions to $14 for premium subscribers.
Spotify has also added a number of features during the second quarter. They include a redesigned desktop app, widgets for iOS, and integration with the Strava app..
The swedish company has plans to diversify it’s content.
Reports state that Spotify is in talks with partners to allow full-length music videos in its app, which will see the platform challenging YouTube Music.
