Spotify Now Has 406 Million Users

Posted on February 2, 2022 by Paul Thurrott in Spotify with 23 Comments

As part of its quarterly earnings report, Spotify said that it now has over 406 million monthly average users (MAUs), up 18 percent year-over-year (YOY).

The firm reported an operating loss of $69 million on revenues of $2.7 billion for the quarter ending December 31, 2021.

“We ended 2021 with strong Q4 results, led by outperformance in MAUs, continued momentum in our subscription business, and meaningful advertising results,” a Spotify letter to shareholders explains. “Looking back on not just this quarter, but the past few years, we are increasingly excited about the investments we have made and see meaningful progress within a number of our initiatives. As we move into 2022 and beyond, the opportunities in front of us are large and we see a tremendous amount of greenfield on the horizon.”

Spotify grew its premium subscriber base 16 percent YOY to 180 million in the fourth quarter, with advertising-supported subscribers up 40 percent to 236 million. Premium subscribers were, of course, far more lucrative and they contributed $2.3 billion in revenues compared to $394 million for ad-supported.

The firm also noted that it experienced double-digit YOY growth in all regions globally, led by strong results in India, Indonesia, and Latin America.

Join the discussion!

BECOME A THURROTT MEMBER:

Don't have a login but want to join the conversation? Become a Thurrott Premium or Basic User to participate

Register
Comments (23)

23 responses to “Spotify Now Has 406 Million Users”

  1. jimchamplin

    They must have counted before Neil Young left.

    • lecter

      Sadly, unless a tidal wave of exits forms, the vast majority of those people they counted surely had no idea who Neil Young or Joni Mitchell were up until last week (at best). Outside the US, most of them would also surely have no idea who Joe Rogan is...


      I'm kinda surprised competitors are not using this chance to offer some incentives to other artists to flee Spotify, because with concerts still ramping up after 2 years of COVID, I doubt most of the currently popular ones would want to give up such a revenue stream by themselves.

    • crunchyfrog

      They say there's no such thing as bad press. All of this attention is more likely than not to increase Spotify's base and add to Joe Rogan's listener base as well.

  2. JH_Radio

    No lossless = no try.


  3. david.thunderbird

    I wasn't one of that 18% I'm opening Pandora's box with Alexa.

  4. hopmedic

    I just hope the intolerant people who preach tolerance continue to cancel themselves.

  5. ebraiter

    We'll see what the next quarter scribers will be. I've read comments [elsewhere] about a bunch of people dropping Spotify. We'll see if true or a bunch of hypocrites.

  6. markbyrn

    Normally you'd see people in the comments fêting Spotify for beating Apple Music.  But with the political angst over Rogan, the lauding of Spotify is over and tech blogs like Wired are telling people how to switch to Apple Music while keeping their Spotify playlists. Be interesting to see if there are any substantive defections.

  7. ringofvoid

    I still love Spotify. The selection of songs is great & the song and artist recommendations are on point.


    I don’t see the point in censoring Joe Rogan’s 3 hour+ podcasts, but I’m not a big fan of censorship in general. I can’t imagine that a lot of people are genuinely having their lives directed by the guests he interviews but, if there are, they’re people with too much time on their hands and not a great loss. I’ll save my time for Brad & Paul and maybe a Windows Weekly here and there

    • retcable

      Technically, the word censorship only applies to actions by the government. It does not apply to private companies, who have the perfect right to police, monitor, and ban if they decide to do so, anything that appears on their privately-owned application.


      The government must allow someone to say the government is evil and must be brought down, because that is free speech as long as that person takes no action based on what they said. If that person said the same thing on a podcast hosted by Spotify, Spotify would be completely proper should they decide to take down that podcast and ban it from ever appearing on their network again. That is not censorship.

      • richfrantz

        "The government must allow someone to say the government is evil and must be brought down"

        A recent anomaly as we drift back to historical norms.

      • SvenJ

        So what is the word for when sites block or obscure replies in forums? Newspapers opting not to print letters to the editor because they don't meet with the philosophy of that paper? Radio and TV stations bleeping out words that aren't on an official FCC list, but offensive to the owners. Isn't that censorship? Or what would you call it? Editorial discretion? Webster says censor is 'to examine in order to suppress or delete anything considered objectionable'. The issue becomes who is doing it, and why.

        • Stabitha.Christie

          You are confusing being able to say something with being provided a platform from which to say it. Declining to provide someone a platform doesn’t stop them from holding our espousing their beliefs and opinions.

    • jchampeau

      As was mentioned, we aren't talking about censorship because Spotify isn't the government. The central question is whether or not Spotify, given its scope and reach and Joe Rogan's popularity, should equally enforce the standard they set under which they disallow the spread of misinformation. I read that they have removed episodes from others' podcasts for doing what Mr. Rogan did, but they aren't doing it to Mr. Rogan. Presumably so because he generates a lot of revenue for Spotify.

    • Stabitha.Christie

      Criticism isn’t censorship. Rogan hasn’t been censored or anything close to it.

  8. GT Tecolotecreek

    Have these guys ever made a profit or broke even?

  9. jason_e

    I find it odd how upset people are over Rogan (and they probably do not listen to him) but these very same people have no issues with the filth and harmful lyrics some of the gangster rap artist put out. I would rather hear some "misinformation" (nobody really knows do they) about a virus than someone bragging about raping a woman or killing a cop. I suggest these people just do not listen to Rogan just as I do not listen to the rap that I do not like and stop trying to force your belief on everyone else.