Spotify Reaches 195 Million Paid Subscribers, Surpassing Q3 Expectations

Spotify reported 195 million paid subscribers in the third quarter of 2022, marking an increase of 7 million since last quarter and beating expectations by 1 million net additions. The company forecasts that it will pass the 200 million mark by the end of this year.Additionally, Spotify hit 456 million monthly active users, surpassing its forecast of 450 million. Last quarter, the streaming giant reported 433 million monthly active users, an improvement from 422 million in the first quarter of t...