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(FILES) This file photo illustration taken on April 19, 2018 in Paris shows the logo of online streaming music service Spotify displayed on a tablet screen. - Music streaming giant Spotify on January 31, 2023 reported a total of 205 million paying subscribers at the end of 2022, beating expectations, but its losses deepened. (Photo by Lionel BONAVENTURE / AFP)
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.
