This file illustration photo taken on January 23, 2023 shows the company logo of Swedish music streaming giant Spotify on a smartphone in Berlin. Photo by Tobias Schwarz / AFP
Stockholm: Music streaming giant Spotify on Tuesday reported that it had 515 million monthly active users as of the end of March, beating expectations, as its losses deepened.
The Swedish company also saw the number of paying subscribers grow to 210 million as it posted a first quarter operating loss of 156 million euros ($172 million), compared to an operating loss of six million euros a year earlier.
